CRA International Stock Rating Reaffirmed by Zacks (CRAI)
CRA International (NASDAQ:CRAI)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $21.00 price target on the stock. Zacks‘ target price indicates a potential upside of 6.28% from the company’s current price.
Zacks‘ analyst wrote, “CRA International posted strong third quarter 2013 results aided by a year-over-year increase in earnings. During the reported quarter the company benefited from broad-based demand and positive contributions from nearly all practice areas. Moreover, the company’s Litigation & Regulatory business delivered healthy performance during the reported quarter. Additionally, the company’s growth initiatives and healthy cash balance augur well for the long term. Going forward, the company aims to achieve profitable growth both organically and through strategic hires. However, we remain concerned about the ongoing cautious spending by clients, stiff competition and currency fluctuations. Consequently we maintain our long-term Neutral recommendation as we expect the stock to perform in-line with the broader market.”
Shares of CRA International (NASDAQ:CRAI) traded up 1.06% during mid-day trading on Tuesday, hitting $19.97. The stock had a trading volume of 16,075 shares. CRA International has a one year low of $15.64 and a one year high of $23.10. The stock’s 50-day moving average is $18.38 and its 200-day moving average is $19.73. The company’s market cap is $201.6 million.
CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.06. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $67.34 million. Analysts expect that CRA International will post $1.06 EPS for the current fiscal year.
CRA International, Inc is a global consulting firm. The Company offers economic, financial, and management consulting firm that applies analytic techniques and in-depth industry knowledge to complex engagements for a range of clients.
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