Zacks: CRA International, Inc. (NASDAQ:CRAI) Receives Average Recommendation of “Buy” from Analysts

Shares of CRA International, Inc. (NASDAQ:CRAI) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a 12-month consensus price target of $65.00 for the company and are anticipating that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also assigned CRA International an industry rank of 30 out of 255 based on the ratings given to related companies.

Several equities research analysts recently issued reports on the stock. Barrington Research set a $53.00 target price on shares of CRA International and gave the company a “buy” rating in a research note on Friday, September 13th. BidaskClub downgraded shares of CRA International from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. ValuEngine upgraded shares of CRA International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, TheStreet upgraded shares of CRA International from a “c+” rating to a “b-” rating in a research note on Tuesday, August 6th.

A number of hedge funds have recently modified their holdings of the business. Panagora Asset Management Inc. raised its position in shares of CRA International by 2.7% in the second quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock valued at $3,600,000 after buying an additional 2,495 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of CRA International in the second quarter valued at approximately $563,000. Strs Ohio raised its position in shares of CRA International by 7.4% in the second quarter. Strs Ohio now owns 14,500 shares of the business services provider’s stock valued at $555,000 after buying an additional 1,000 shares in the last quarter. Pembroke Management LTD raised its position in shares of CRA International by 24.3% in the second quarter. Pembroke Management LTD now owns 274,537 shares of the business services provider’s stock valued at $10,523,000 after buying an additional 53,587 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of CRA International by 5.8% in the second quarter. Foundry Partners LLC now owns 139,735 shares of the business services provider’s stock valued at $5,356,000 after buying an additional 7,695 shares in the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

Shares of NASDAQ CRAI traded down $0.08 during mid-day trading on Friday, hitting $41.53. The company had a trading volume of 1,572 shares, compared to its average volume of 50,145. The company has a market capitalization of $328.65 million, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10. The firm has a 50-day simple moving average of $41.56 and a two-hundred day simple moving average of $41.68. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. CRA International has a one year low of $34.24 and a one year high of $54.23.

CRA International (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. The company had revenue of $110.60 million during the quarter, compared to analysts’ expectations of $110.95 million. CRA International had a return on equity of 11.76% and a net margin of 4.90%. CRA International’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Sell-side analysts expect that CRA International will post 2.68 earnings per share for the current fiscal year.

About CRA International

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.

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