CRA International,Inc. (NASDAQ:CRAI) Downgraded to Hold at ValuEngine

CRA International,Inc. (NASDAQ:CRAI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday, December 1st.

Separately, Zacks Investment Research raised CRA International,Inc. from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective on the stock in a research note on Monday, October 30th.

Shares of CRA International,Inc. (CRAI) opened at $44.35 on Friday. CRA International,Inc. has a 52-week low of $31.77 and a 52-week high of $47.30. The company has a market capitalization of $359.64, a PE ratio of 30.38 and a beta of 0.79.

CRA International,Inc. (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $90.36 million. CRA International,Inc. had a return on equity of 5.98% and a net margin of 3.39%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. equities analysts expect that CRA International,Inc. will post 1.56 earnings per share for the current year.

In other news, CFO Chad M. Holmes sold 1,700 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $43.17, for a total value of $73,389.00. Following the completion of the sale, the chief financial officer now directly owns 11,055 shares of the company’s stock, valued at $477,244.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul A. Maleh sold 13,300 shares of the company’s 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 transaction, the insider now directly owns 116,619 shares of the company’s stock, valued at $5,033,276.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock valued at $1,108,417. Company insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors grew its holdings in CRA International,Inc. by 37.3% during 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 during the period. TIAA CREF Investment Management LLC lifted its position in shares of CRA International,Inc. by 21.9% during the second quarter. TIAA CREF Investment Management LLC now owns 49,213 shares of the business services provider’s stock worth $1,787,000 after acquiring an additional 8,835 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of CRA International,Inc. by 28.2% during the second quarter. Parametric Portfolio Associates LLC now owns 20,164 shares of the business services provider’s stock worth $732,000 after acquiring an additional 4,441 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of CRA International,Inc. during the third quarter worth $385,000. Finally, Ameriprise Financial Inc. purchased a new stake in shares of CRA International,Inc. during the second quarter worth $444,000. 85.17% of the stock is owned by institutional investors and hedge funds.

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CRA International,Inc. Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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