BidaskClub Lowers CRA International (NASDAQ:CRAI) to Strong Sell

CRA International (NASDAQ:CRAI) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Monday, February 4th.

A number of other equities analysts have also recently commented on CRAI. Zacks Investment Research raised shares of CRA International from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Wednesday, January 16th. ValuEngine lowered shares of CRA International from a “hold” rating to a “sell” rating in a report on Friday, November 16th.

Shares of NASDAQ:CRAI traded up $0.20 during trading on Monday, reaching $50.16. 40,461 shares of the stock traded hands, compared to its average volume of 29,018. The stock has a market cap of $361.71 million, a price-to-earnings ratio of 18.24 and a beta of 0.96. CRA International has a 52-week low of $39.23 and a 52-week high of $58.75.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 28th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.21. The business had revenue of $108.80 million for the quarter, compared to analysts’ expectations of $104.63 million. CRA International had a net margin of 3.30% and a return on equity of 11.16%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 EPS. On average, sell-side analysts forecast that CRA International will post 2.68 EPS for the current year.

A number of institutional investors have recently modified their holdings of CRAI. Metropolitan Life Insurance Co. NY boosted its holdings in shares of CRA International by 296.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,981 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 2,229 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in shares of CRA International in the third quarter valued at about $210,000. Public Employees Retirement System of Ohio raised its position in shares of CRA International by 58.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after buying an additional 2,307 shares during the last quarter. Rhumbline Advisers raised its position in shares of CRA International by 38.6% in the fourth quarter. Rhumbline Advisers now owns 11,790 shares of the business services provider’s stock valued at $502,000 after buying an additional 3,285 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of CRA International by 8.4% in the third quarter. Teachers Advisors LLC now owns 18,029 shares of the business services provider’s stock valued at $905,000 after buying an additional 1,399 shares during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

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. 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.

Read More: Average Daily Trade Volume – What You Need to Know

Receive News & Ratings for CRA International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRA International and related companies with MarketBeat.com's FREE daily email newsletter.