CRA International (NASDAQ:CRAI – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
CRA International Trading Up 0.3 %
CRA International stock opened at $189.29 on Thursday. The firm has a 50-day moving average price of $172.58 and a 200-day moving average price of $168.11. The firm has a market capitalization of $1.31 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. CRA International has a 12-month low of $81.29 and a 12-month high of $198.02.
CRA International (NASDAQ:CRAI – Get Free Report) last released its earnings results on Thursday, August 1st. The business services provider reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.34. The firm had revenue of $171.44 million during the quarter, compared to analyst estimates of $167.87 million. CRA International had a net margin of 6.17% and a return on equity of 22.37%. During the same quarter last year, the business earned $1.42 EPS. As a group, sell-side analysts predict that CRA International will post 6.93 earnings per share for the current fiscal year.
Insiders Place Their Bets
Institutional Trading of CRA International
Hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB purchased a new position in CRA International in the 1st quarter worth $26,924,000. Bank of New York Mellon Corp raised its stake in CRA International by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider’s stock worth $10,532,000 after acquiring an additional 1,705 shares during the last quarter. Isthmus Partners LLC raised its stake in CRA International by 55.3% in the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 10,213 shares during the last quarter. Russell Investments Group Ltd. raised its stake in CRA International by 21.9% in the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock worth $1,590,000 after acquiring an additional 1,912 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in CRA International by 34.9% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider’s stock worth $1,700,000 after acquiring an additional 2,551 shares during the last quarter. 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.
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