CRA International (NASDAQ:CRAI) Price Target Raised to $224.00 at Barrington Research

CRA International (NASDAQ:CRAI) had its price objective lifted by Barrington Research from $212.00 to $224.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

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

CRA International Price Performance

Shares of CRAI opened at $198.48 on Monday. CRA International has a 1 year low of $111.40 and a 1 year high of $214.01. The stock’s fifty day moving average price is $187.82 and its two-hundred day moving average price is $182.41. The firm has a market cap of $1.35 billion, a PE ratio of 29.45, a PEG ratio of 1.75 and a beta of 1.13.

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

CRA International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, March 4th. CRA International’s payout ratio is presently 29.08%.

Institutional Investors Weigh In On CRA International

Institutional investors and hedge funds have recently modified their holdings of the company. Eagle Asset Management Inc. increased its holdings in CRA International by 178.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 148,221 shares of the business services provider’s stock worth $25,986,000 after acquiring an additional 95,050 shares during the period. United Capital Financial Advisors LLC bought a new position in shares of CRA International in the fourth quarter worth $9,389,000. Lord Abbett & CO. LLC raised its position in shares of CRA International by 41.9% in the third quarter. Lord Abbett & CO. LLC now owns 78,136 shares of the business services provider’s stock worth $13,699,000 after buying an additional 23,078 shares in the last quarter. Foundry Partners LLC boosted its stake in CRA International by 56.0% during the fourth quarter. Foundry Partners LLC now owns 29,115 shares of the business services provider’s stock valued at $5,450,000 after buying an additional 10,455 shares during the period. Finally, Summit Global Investments purchased a new position in CRA International during the fourth quarter worth about $656,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

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.