CRA International, Inc. (NASDAQ:CRAI) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Zacks has also given CRA International an industry rank of 213 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of CRA International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded shares of CRA International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Finally, ValuEngine downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
In other CRA International news, insider Paul A. Maleh sold 13,300 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.16, for a total transaction of $574,028.00. Following the transaction, the insider now directly owns 116,619 shares in the company, valued at approximately $5,033,276.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Chad M. Holmes sold 1,700 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $43.17, for a total transaction of $73,389.00. Following the transaction, the chief financial officer now owns 11,055 shares in the company, valued at $477,244.35. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $1,108,417 over the last 90 days. Insiders own 4.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRAI. Bank of New York Mellon Corp boosted its stake in CRA International by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 96,667 shares of the business services provider’s stock valued at $3,511,000 after acquiring an additional 2,258 shares during the last quarter. Teachers Advisors LLC boosted its stake in CRA International by 5.2% during the 2nd quarter. Teachers Advisors LLC now owns 16,174 shares of the business services provider’s stock valued at $587,000 after acquiring an additional 798 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in CRA International by 21.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 49,213 shares of the business services provider’s stock valued at $1,787,000 after acquiring an additional 8,835 shares during the last quarter. Ameriprise Financial Inc. bought a new position in CRA International during the 2nd quarter valued at $444,000. Finally, Nationwide Fund Advisors boosted its stake in CRA International by 37.3% during the 2nd quarter. Nationwide Fund Advisors now owns 60,003 shares of the business services provider’s stock valued at $2,179,000 after acquiring an additional 16,300 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.
Shares of CRA International (NASDAQ:CRAI) traded down $0.53 during mid-day trading on Wednesday, hitting $48.12. 35,067 shares of the stock traded hands, compared to its average volume of 43,448. The stock has a market capitalization of $390.21, a P/E ratio of 34.62 and a beta of 0.80. CRA International has a fifty-two week low of $31.77 and a fifty-two week high of $49.31.
CRA International (NASDAQ:CRAI) last announced 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. The business had revenue of $91.30 million during the quarter, compared to the consensus estimate of $90.36 million. CRA International had a net margin of 3.39% and a return on equity of 5.98%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. sell-side analysts anticipate that CRA International will post 1.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 27th. This is an increase from CRA International’s previous quarterly dividend of $0.14. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. CRA International’s dividend payout ratio is 48.92%.
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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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