CRA International (NASDAQ:CRAI) Rating Lowered to Hold at BidaskClub

CRA International (NASDAQ:CRAI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday, June 15th.

Other research analysts have also issued reports about the stock. ValuEngine raised shares of CRA International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of CRA International from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Friday, February 16th.

Shares of NASDAQ CRAI opened at $53.42 on Friday. The firm has a market cap of $430.32 million, a P/E ratio of 27.97 and a beta of 0.75. CRA International has a 12-month low of $34.03 and a 12-month high of $58.74.



CRA International (NASDAQ:CRAI) last issued its earnings results on Thursday, April 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.25. The business had revenue of $99.50 million for the quarter, compared to analyst estimates of $95.39 million. CRA International had a net margin of 2.53% and a return on equity of 9.06%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. analysts predict that CRA International will post 2.22 EPS for the current year.

In other CRA International news, Director William F. Concannon sold 9,500 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $55.37, for a total value of $526,015.00. Following the transaction, the director now directly owns 28,491 shares of the company’s stock, valued at $1,577,546.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William F. Concannon sold 3,166 shares of the firm’s stock in a transaction on Friday, May 25th. The shares were sold at an average price of $54.93, for a total transaction of $173,908.38. Following the completion of the transaction, the director now directly owns 28,491 shares in the company, valued at $1,565,010.63. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in CRAI. MetLife Investment Advisors LLC bought a new position in shares of CRA International in the fourth quarter valued at $219,000. Seizert Capital Partners LLC purchased a new stake in shares of CRA International in the first quarter valued at about $305,000. Systematic Financial Management LP purchased a new stake in shares of CRA International in the first quarter valued at about $1,130,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of CRA International by 23.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 25,900 shares of the business services provider’s stock valued at $1,164,000 after purchasing an additional 5,000 shares during the last quarter. Finally, EAM Global Investors LLC purchased a new stake in shares of CRA International in the first quarter valued at about $1,267,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

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.

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