ValuEngine Lowers CRA International,Inc. (CRAI) to Hold

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

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

CRA International,Inc. (NASDAQ:CRAI) traded down $0.02 during mid-day trading on Friday, reaching $45.18. 62,029 shares of the company traded hands, compared to its average volume of 54,775. The firm has a market capitalization of $366.37, a price-to-earnings ratio of 30.95 and a beta of 0.79. CRA International,Inc. has a 52 week low of $31.77 and a 52 week high of $47.30.

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

In other news, insider Paul A. Maleh sold 13,300 shares of CRA International,Inc. stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $43.16, for a total value of $574,028.00. Following the sale, the insider now owns 116,619 shares in the company, valued at $5,033,276.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Chad M. Holmes sold 1,700 shares of CRA International,Inc. stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $43.17, for a total transaction of $73,389.00. Following the completion of the sale, the chief financial officer now owns 11,055 shares in the company, valued at approximately $477,244.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,000 shares of company stock worth $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 company. SG Americas Securities LLC purchased a new position in shares of CRA International,Inc. in the third quarter worth about $128,000. Public Employees Retirement System of Ohio purchased a new position in shares of CRA International,Inc. in the second quarter worth about $156,000. Nordea Investment Management AB lifted its stake in shares of CRA International,Inc. by 31.7% in the second quarter. Nordea Investment Management AB now owns 5,400 shares of the business services provider’s stock worth $196,000 after buying an additional 1,300 shares in the last quarter. Sawgrass Asset Management LLC purchased a new position in shares of CRA International,Inc. in the third quarter worth about $385,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of CRA International,Inc. in the second quarter worth about $444,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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About CRA International,Inc.

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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