Barrington Research Reaffirms “Outperform” Rating for Charles River Associates (NASDAQ:CRAI)

Charles River Associates (NASDAQ:CRAI)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a report released on Monday,Benzinga reports. They currently have a $245.00 price target on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 32.49% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Charles River Associates from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Charles River Associates in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $245.00.

Charles River Associates Price Performance

Shares of Charles River Associates stock opened at $184.92 on Monday. Charles River Associates has a 1 year low of $149.96 and a 1 year high of $227.29. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.29 and a beta of 0.92. The company has a 50-day moving average of $190.83 and a 200 day moving average of $191.01.

Charles River Associates (NASDAQ:CRAI) last released its earnings results on Thursday, February 26th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.01. The firm had revenue of $196.96 million during the quarter, compared to analyst estimates of $190.54 million. Charles River Associates had a net margin of 7.29% and a return on equity of 26.15%. On average, equities analysts anticipate that Charles River Associates will post 7.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CRAI. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates during the 1st quarter valued at about $27,000. Longboard Asset Management LP bought a new position in Charles River Associates in the third quarter worth approximately $217,000. Entropy Technologies LP purchased a new position in shares of Charles River Associates during the 4th quarter worth $401,000. Kennedy Capital Management LLC grew its position in shares of Charles River Associates by 9.3% during the 2nd quarter. Kennedy Capital Management LLC now owns 3,910 shares of the business services provider’s stock valued at $733,000 after acquiring an additional 333 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in shares of Charles River Associates by 4.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,253 shares of the business services provider’s stock worth $797,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.

Charles River Associates Company Profile

Charles River Associates (NASDAQ: CRAI) is a global consulting firm specializing in economic, financial and management advisory services. Founded in 1965 and headquartered in Boston, Massachusetts, the company provides expert analysis to support litigation, regulatory proceedings, and strategic decision-making. Its multidisciplinary teams draw on academic rigor and industry experience to deliver quantitative and qualitative insights tailored to clients’ needs.

The firm’s service offerings include competition economics, antitrust and merger analysis, intellectual property valuation and damages assessment, and risk management.