Analysts Set $77.00 Price Target for CRA International, Inc. (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokerages have set a 12 month consensus target price of $77.00 for the company and are predicting that the company will post $0.71 earnings per share for the current quarter, according to Zacks. Zacks has also given CRA International an industry rank of 104 out of 256 based on the ratings given to its competitors.

A number of equities analysts have weighed in on the stock. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research downgraded shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TheStreet raised shares of BlackRock TCP Capital from a “c+” rating to a “b” rating in a research note on Tuesday, May 28th. Finally, ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd.

NASDAQ:CRAI traded up $1.14 during trading hours on Friday, reaching $39.24. 60,005 shares of the company were exchanged, compared to its average volume of 53,004. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.48. The stock has a market cap of $315.49 million, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.09. CRA International has a 52-week low of $34.24 and a 52-week high of $58.75. The company’s 50 day moving average is $37.38.

CRA International (NASDAQ:CRAI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.07). The company had revenue of $105.85 million for the quarter, compared to analysts’ expectations of $105.92 million. CRA International had a return on equity of 11.60% and a net margin of 5.25%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. On average, analysts forecast that CRA International will post 2.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 24th. CRA International’s dividend payout ratio is presently 29.09%.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in CRA International by 360.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 1,288 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in CRA International during the 1st quarter valued at $92,000. SG Americas Securities LLC acquired a new stake in CRA International during the 1st quarter valued at $116,000. Metropolitan Life Insurance Co. NY grew its holdings in CRA International by 296.4% during 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 in the last quarter. Finally, Sawgrass Asset Management LLC acquired a new stake in CRA International during the 1st quarter valued at $258,000. 85.88% of the stock is currently owned by institutional investors and hedge funds.

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. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.

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