CRA International (NASDAQ:CRAI) Stock Rating Lowered by BidaskClub

CRA International (NASDAQ:CRAI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, September 14th.

Separately, Zacks Investment Research cut shares of CRA International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th.

Shares of CRA International stock traded down $1.89 during mid-day trading on Friday, hitting $45.51. 51,150 shares of the stock were exchanged, compared to its average volume of 48,179. CRA International has a 12 month low of $41.33 and a 12 month high of $58.75. The stock has a market cap of $405.77 million, a P/E ratio of 23.83 and a beta of 0.78.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, August 2nd. The business services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.13. CRA International had a net margin of 3.22% and a return on equity of 10.02%. The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $99.12 million. During the same quarter last year, the firm earned $0.48 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that CRA International will post 2.32 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC raised its holdings in shares of CRA International by 74.4% in the 2nd quarter. MetLife Investment Advisors LLC now owns 4,929 shares of the business services provider’s stock worth $251,000 after purchasing an additional 2,102 shares during the period. Paloma Partners Management Co bought a new stake in CRA International during the 2nd quarter valued at $279,000. Seizert Capital Partners LLC bought a new stake in CRA International during the 1st quarter valued at $305,000. Public Employees Retirement System of Ohio raised its holdings in CRA International by 58.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 2,307 shares during the period. Finally, Sawgrass Asset Management LLC raised its holdings in CRA International by 203.5% during the 2nd quarter. Sawgrass Asset Management LLC now owns 21,090 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 14,140 shares during the period. 85.13% of the stock is currently owned by institutional investors.

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. The company advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through critical business strategy and performance-related issues.

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