CRA International (CRAI) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of CRA International (NASDAQ:CRAI) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of CRA International from a buy rating to a hold rating in a report on Friday, September 14th. Zacks Investment Research raised shares of CRA International from a sell rating to a hold rating in a report on Tuesday, July 10th.

Shares of CRA International stock traded down $1.15 during trading hours on Friday, reaching $43.78. 33,799 shares of the company’s stock were exchanged, compared to its average volume of 31,061. CRA International has a 1 year low of $40.76 and a 1 year high of $58.75. The firm has a market capitalization of $353.73 million, a price-to-earnings ratio of 22.92 and a beta of 0.98.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, November 1st. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. CRA International had a net margin of 3.30% and a return on equity of 11.13%. The business had revenue of $103.87 million during the quarter, compared to analyst estimates of $102.90 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that CRA International will post 2.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC grew its holdings in shares of CRA International by 74.4% in the second quarter. MetLife Investment Advisors LLC now owns 4,929 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 2,102 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of CRA International by 58.8% in the second quarter. Public Employees Retirement System of Ohio now owns 6,232 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 2,307 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of CRA International by 1.9% in the third quarter. Russell Investments Group Ltd. now owns 224,482 shares of the business services provider’s stock valued at $11,273,000 after purchasing an additional 4,127 shares during the period. Paloma Partners Management Co purchased a new stake in shares of CRA International in the second quarter valued at about $279,000. Finally, Sawgrass Asset Management LLC grew its holdings in shares of CRA International by 203.5% in the second quarter. Sawgrass Asset Management LLC now owns 21,090 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 14,140 shares during the period. 85.09% of the stock is owned by hedge funds and other institutional investors.

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

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