Charles River Associates (NASDAQ:CRAI) Receives Outperform Rating from Barrington Research

Charles River Associates (NASDAQ:CRAI)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a report issued on Monday,Benzinga reports. They presently have a $245.00 price target on the business services provider’s stock. Barrington Research’s price objective indicates a potential upside of 35.68% from the company’s previous close.

Several other brokerages have also recently issued reports on CRAI. Weiss Ratings reiterated a “buy (b)” rating on shares of Charles River Associates in a report on Monday, December 29th. Wall Street Zen downgraded shares of Charles River Associates from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $245.00.

Charles River Associates Trading Up 4.6%

Shares of NASDAQ CRAI traded up $7.91 during mid-day trading on Monday, reaching $180.57. The company had a trading volume of 205,852 shares, compared to its average volume of 141,685. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. Charles River Associates has a 52 week low of $149.96 and a 52 week high of $227.29. The business’s 50-day moving average is $191.94 and its 200-day moving average is $191.04.

Charles River Associates (NASDAQ:CRAI) last issued its earnings results on Thursday, February 26th. The business services provider reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.01. The business had revenue of $196.96 million for the quarter, compared to the consensus estimate of $190.54 million. Charles River Associates had a net margin of 7.29% and a return on equity of 26.15%. As a group, equities research analysts forecast that Charles River Associates will post 7.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRAI. Geode Capital Management LLC raised its stake in Charles River Associates by 1.9% in the 2nd quarter. Geode Capital Management LLC now owns 171,401 shares of the business services provider’s stock worth $32,120,000 after acquiring an additional 3,138 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Charles River Associates by 140.2% in the fourth quarter. BNP Paribas Financial Markets now owns 44,555 shares of the business services provider’s stock valued at $8,942,000 after purchasing an additional 26,003 shares during the period. Jump Financial LLC raised its stake in shares of Charles River Associates by 72.3% in the third quarter. Jump Financial LLC now owns 32,642 shares of the business services provider’s stock worth $6,807,000 after purchasing an additional 13,692 shares during the last quarter. CSM Advisors LLC acquired a new stake in shares of Charles River Associates during the second quarter worth about $4,923,000. Finally, Rhumbline Advisers boosted its position in Charles River Associates by 2.7% in the second quarter. Rhumbline Advisers now owns 13,049 shares of the business services provider’s stock valued at $2,445,000 after buying an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 84.13% of the company’s stock.

Charles River Associates Company Profile

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.