CRA International (CRAI) Rating Increased to Hold at ValuEngine

CRA International (NASDAQ:CRAI) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

A number of other research firms have also recently commented on CRAI. Zacks Investment Research cut CRA International from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. BidaskClub cut CRA International from a “hold” rating to a “sell” rating in a research report on Friday, January 11th.

CRAI stock traded up $0.20 during trading on Monday, hitting $50.16. 40,461 shares of the company traded hands, compared to its average volume of 29,018. The stock has a market cap of $361.71 million, a P/E ratio of 18.24 and a beta of 0.96. CRA International has a 1 year low of $39.23 and a 1 year high of $58.75.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings data on Thursday, February 28th. The business services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.21. The business had revenue of $108.80 million during the quarter, compared to analysts’ expectations of $104.63 million. CRA International had a return on equity of 11.16% and a net margin of 3.30%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. Research analysts anticipate that CRA International will post 2.68 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRAI. Metropolitan Life Insurance Co. NY lifted its stake 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 purchasing an additional 2,229 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in shares of CRA International in the 3rd quarter valued at $210,000. Public Employees Retirement System of Ohio lifted its stake in shares of CRA International by 58.8% in 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 purchasing an additional 2,307 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of CRA International by 38.6% in the 4th quarter. Rhumbline Advisers now owns 11,790 shares of the business services provider’s stock valued at $502,000 after purchasing an additional 3,285 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of CRA International by 8.4% in the 3rd quarter. Teachers Advisors LLC now owns 18,029 shares of the business services provider’s stock valued at $905,000 after purchasing an additional 1,399 shares during the last quarter. 84.49% 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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