CRA International (NASDAQ:CRAI) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of CRA International (NASDAQ:CRAI) from a hold rating to a buy rating in a report released on Wednesday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of CRA International from a hold rating to a sell rating in a research note on Wednesday, October 30th. William Blair reiterated a market perform rating on shares of CRA International in a research report on Friday, November 1st. TheStreet raised shares of CRA International from a c+ rating to a b- rating in a research note on Tuesday, August 6th. Finally, Barrington Research upped their price target on shares of CRA International from $53.00 to $59.00 and gave the company an outperform rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $52.50.

Shares of CRAI opened at $52.61 on Wednesday. The firm has a market cap of $393.81 million, a P/E ratio of 19.13, a P/E/G ratio of 1.30 and a beta of 1.10. The stock has a 50 day simple moving average of $48.57 and a two-hundred day simple moving average of $42.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05. CRA International has a 1 year low of $34.24 and a 1 year high of $54.23.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.67 by $0.31. The firm had revenue of $115.69 million for the quarter, compared to the consensus estimate of $110.48 million. CRA International had a net margin of 5.18% and a return on equity of 13.08%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. On average, equities analysts anticipate that CRA International will post 3.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.23 per share. The ex-dividend date is Monday, November 25th. This represents a $0.92 annualized dividend and a yield of 1.75%. CRA International’s payout ratio is 33.45%.

A number of institutional investors have recently made changes to their positions in the business. Strs Ohio boosted its stake in shares of CRA International by 7.4% during the second quarter. Strs Ohio now owns 14,500 shares of the business services provider’s stock valued at $555,000 after purchasing an additional 1,000 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of CRA International in the second quarter worth about $563,000. Panagora Asset Management Inc. increased its holdings in CRA International by 2.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 93,920 shares of the business services provider’s stock valued at $3,600,000 after purchasing an additional 2,495 shares during the period. Rhumbline Advisers increased its holdings in CRA International by 6.3% during the 3rd quarter. Rhumbline Advisers now owns 12,472 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 739 shares during the period. Finally, Pembroke Management LTD raised its position in CRA International by 16.6% during the 3rd quarter. Pembroke Management LTD now owns 320,159 shares of the business services provider’s stock valued at $13,437,000 after purchasing an additional 45,622 shares during the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

CRA International Company Profile

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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