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

Charles River Associates (NASDAQ:CRAI)‘s stock had its “outperform” rating reaffirmed by Barrington Research in a research note issued on Monday,Benzinga reports. They presently have a $239.00 price target on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 34.69% from the company’s current price.

A number of other equities analysts have also issued reports on CRAI. Wall Street Zen raised shares of Charles River Associates from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Charles River Associates in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Charles River Associates presently has an average rating of “Buy” and an average target price of $239.00.

Charles River Associates Stock Performance

Charles River Associates stock opened at $177.44 on Monday. The business’s 50-day simple moving average is $188.20 and its two-hundred day simple moving average is $188.37. The company has a market cap of $1.16 billion, a PE ratio of 21.48, a PEG ratio of 1.39 and a beta of 0.92. Charles River Associates has a fifty-two week low of $152.57 and a fifty-two week high of $214.66.

Charles River Associates (NASDAQ:CRAI) last announced its quarterly earnings data on Thursday, October 30th. The business services provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.26. Charles River Associates had a return on equity of 25.51% and a net margin of 7.93%.The firm had revenue of $185.89 million during the quarter, compared to analysts’ expectations of $179.42 million. Charles River Associates has set its FY 2025 guidance at EPS. As a group, analysts predict that Charles River Associates will post 7.52 EPS for the current fiscal year.

Insider Activity at Charles River Associates

In related news, EVP Jonathan D. Yellin sold 1,750 shares of Charles River Associates stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $174.38, for a total value of $305,165.00. Following the completion of the transaction, the executive vice president owned 15,573 shares in the company, valued at $2,715,619.74. The trade was a 10.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Charles River Associates

A number of hedge funds have recently bought and sold shares of CRAI. Jones Financial Companies Lllp purchased a new stake in shares of Charles River Associates in the first quarter valued at approximately $27,000. Longboard Asset Management LP acquired a new stake in Charles River Associates in the 3rd quarter valued at $217,000. Strs Ohio purchased a new stake in Charles River Associates in the 1st quarter worth $329,000. Quantbot Technologies LP purchased a new stake in Charles River Associates in the 1st quarter worth $360,000. Finally, Jump Financial LLC acquired a new position in Charles River Associates during the first quarter worth $628,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.

Charles River Associates Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.