CRA International (NASDAQ:CRAI) Stock Price Expected to Rise, Barrington Research Analyst Says

CRA International (NASDAQ:CRAI) had its target price boosted by Barrington Research from $212.00 to $224.00 in a report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 12.15% from the stock’s current price.

Separately, StockNews.com lowered shares of CRA International from a “buy” rating to a “hold” rating in a report on Friday, November 1st.

CRA International Stock Performance

Shares of CRAI traded down $1.25 during mid-day trading on Monday, hitting $199.74. 3,549 shares of the company were exchanged, compared to its average volume of 33,054. CRA International has a 1-year low of $111.40 and a 1-year high of $214.01. The company has a 50 day moving average of $187.93 and a 200-day moving average of $182.12. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.44. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The firm had revenue of $176.44 million for the quarter, compared to analyst estimates of $166.29 million. Research analysts anticipate that CRA International will post 7.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CRA International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its holdings in shares of CRA International by 2.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 86 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of CRA International by 3.3% in the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after acquiring an additional 108 shares during the last quarter. Foundry Partners LLC raised its position in shares of CRA International by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 180 shares in the last quarter. MetLife Investment Management LLC raised its position in CRA International by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 250 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in CRA International during the 3rd quarter worth $164,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.

CRA International 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.