Charles River Laboratories Intl. Inc (CRL) Given Average Recommendation of “Hold” by Brokerages

Shares of Charles River Laboratories Intl. Inc (NYSE:CRL) have received an average recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $111.09.

CRL has been the subject of a number of analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and set a $112.00 price objective (up from $95.00) on shares of Charles River Laboratories Intl. in a research note on Monday, October 16th. Zacks Investment Research raised Charles River Laboratories Intl. from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research note on Tuesday, October 24th. ValuEngine cut Charles River Laboratories Intl. from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. SunTrust Banks reaffirmed a “buy” rating and set a $113.00 price objective on shares of Charles River Laboratories Intl. in a research note on Friday, November 17th. Finally, Robert W. Baird set a $117.00 price objective on Charles River Laboratories Intl. and gave the stock a “buy” rating in a research note on Monday, November 13th.

In other Charles River Laboratories Intl. news, Director Robert J. Bertolini sold 3,609 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $110.22, for a total value of $397,783.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Online Communications Bdirect sold 131,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $0.29, for a total value of $37,990.00. Over the last three months, insiders sold 195,673 shares of company stock valued at $2,644,046. Insiders own 2.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Charles River Laboratories Intl. by 0.8% in the fourth quarter. BlackRock Inc. now owns 4,034,318 shares of the medical research company’s stock valued at $441,557,000 after acquiring an additional 31,676 shares during the period. State Street Corp grew its stake in Charles River Laboratories Intl. by 2.3% in the second quarter. State Street Corp now owns 1,268,308 shares of the medical research company’s stock valued at $128,288,000 after acquiring an additional 28,365 shares during the period. Mackenzie Financial Corp grew its stake in Charles River Laboratories Intl. by 81.7% in the third quarter. Mackenzie Financial Corp now owns 928,796 shares of the medical research company’s stock valued at $100,329,000 after acquiring an additional 417,739 shares during the period. Acadian Asset Management LLC grew its stake in Charles River Laboratories Intl. by 27.4% in the fourth quarter. Acadian Asset Management LLC now owns 896,123 shares of the medical research company’s stock valued at $98,081,000 after acquiring an additional 192,477 shares during the period. Finally, Congress Asset Management Co. MA grew its stake in Charles River Laboratories Intl. by 2.0% in the fourth quarter. Congress Asset Management Co. MA now owns 771,279 shares of the medical research company’s stock valued at $84,416,000 after acquiring an additional 15,201 shares during the period. 97.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Charles River Laboratories Intl. (CRL) opened at $101.74 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.62 and a current ratio of 1.88. Charles River Laboratories Intl. has a 52-week low of $85.00 and a 52-week high of $119.05. The firm has a market capitalization of $4,725.26, a price-to-earnings ratio of 24.81, a PEG ratio of 1.46 and a beta of 0.74.

Charles River Laboratories Intl. (NYSE:CRL) last announced its quarterly earnings data on Tuesday, February 13th. The medical research company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. Charles River Laboratories Intl. had a return on equity of 26.58% and a net margin of 10.72%. The business had revenue of $478.50 million during the quarter, compared to analysts’ expectations of $475.02 million. During the same period in the previous year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. research analysts forecast that Charles River Laboratories Intl. will post 5.14 EPS for the current year.

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About Charles River Laboratories Intl.

Charles River Laboratories International, Inc is an early-stage contract research company. The Company is engaged in laboratory animal medicine and science (research model technologies) and develop a portfolio of discovery and safety assessment services, both good laboratory practice (GLP) and non-GLP, which supports its clients from target identification through non-clinical development.

Analyst Recommendations for Charles River Laboratories Intl. (NYSE:CRL)

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