Zacks: CRA International, Inc. (CRAI) Receives Consensus Rating of “Hold” from Brokerages
Shares of CRA International, Inc. (NASDAQ:CRAI) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also assigned CRA International an industry rank of 210 out of 265 based on the ratings given to its competitors.
CRAI has been the topic of several analyst reports. ValuEngine lowered CRA International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research raised CRA International from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research report on Monday, October 30th. Finally, BidaskClub lowered CRA International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th.
CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, October 26th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. CRA International had a return on equity of 5.98% and a net margin of 3.39%. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $90.36 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. sell-side analysts expect that CRA International will post 1.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.17 per share. The ex-dividend date was Monday, November 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from CRA International’s previous quarterly dividend of $0.14. CRA International’s dividend payout ratio (DPR) is currently 48.92%.
In related news, Director Rowland Moriarty sold 10,000 shares of CRA International stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $46.10, for a total value of $461,000.00. Following the sale, the director now owns 38,471 shares of the company’s stock, valued at approximately $1,773,513.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul A. Maleh sold 13,300 shares of CRA International stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $43.16, for a total value of $574,028.00. Following the completion of the sale, the insider now directly owns 116,619 shares in the company, valued at approximately $5,033,276.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $1,108,417. 4.70% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. State Street Corp grew its stake in CRA International by 13.0% in the second quarter. State Street Corp now owns 175,918 shares of the business services provider’s stock valued at $6,392,000 after purchasing an additional 20,293 shares in the last quarter. Nationwide Fund Advisors grew its stake in CRA International by 37.3% in the second quarter. Nationwide Fund Advisors now owns 60,003 shares of the business services provider’s stock valued at $2,179,000 after purchasing an additional 16,300 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in CRA International in the third quarter valued at approximately $385,000. Parametric Portfolio Associates LLC grew its stake in CRA International by 28.2% in the second quarter. Parametric Portfolio Associates LLC now owns 20,164 shares of the business services provider’s stock valued at $732,000 after purchasing an additional 4,441 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in CRA International by 21.9% in the second quarter. TIAA CREF Investment Management LLC now owns 49,213 shares of the business services provider’s stock valued at $1,787,000 after purchasing an additional 8,835 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors and hedge funds.
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About CRA International
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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