Barrington Research Issues Positive Forecast for CRA International (NASDAQ:CRAI) Stock Price

CRA International (NASDAQ:CRAI) had its target price raised by Barrington Research from $194.00 to $212.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock. Barrington Research also issued estimates for CRA International’s Q4 2024 earnings at $1.70 EPS, FY2024 earnings at $7.28 EPS and FY2025 earnings at $7.88 EPS.

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

CRA International Stock Up 2.0 %

CRAI stock traded up $4.09 on Friday, reaching $203.71. 23,741 shares of the company’s stock were exchanged, compared to its average volume of 38,482. CRA International has a twelve month low of $88.90 and a twelve month high of $208.38. The stock has a fifty day moving average of $178.62 and a 200-day moving average of $171.50. The firm has a market cap of $1.38 billion, a PE ratio of 32.96, a P/E/G ratio of 1.80 and a beta of 1.13.

CRA International (NASDAQ:CRAI) last issued its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.19. CRA International had a return on equity of 24.46% and a net margin of 6.41%. The business had revenue of $167.75 million for the quarter, compared to the consensus estimate of $166.83 million. During the same period in the prior year, the business earned $1.13 earnings per share. On average, equities research analysts predict that CRA International will post 7.03 EPS for the current fiscal year.

CRA International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, November 26th. This is an increase from CRA International’s previous quarterly dividend of $0.42. This represents a $1.96 annualized dividend and a yield of 0.96%. CRA International’s dividend payout ratio is 27.18%.

Insiders Place Their Bets

In other CRA International news, EVP Jonathan D. Yellin sold 1,250 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.26, for a total transaction of $197,825.00. Following the completion of the sale, the executive vice president now directly owns 20,361 shares in the company, valued at $3,222,331.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Jonathan D. Yellin sold 1,250 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.26, for a total value of $197,825.00. Following the completion of the sale, the executive vice president now owns 20,361 shares in the company, valued at approximately $3,222,331.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Paul A. Maleh sold 7,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total value of $1,187,475.00. Following the completion of the sale, the chief executive officer now owns 159,212 shares of the company’s stock, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in CRA International during the 1st quarter valued at approximately $115,000. Marshall Wace LLP bought a new stake in CRA International during the 2nd quarter valued at $221,000. Kennedy Capital Management LLC raised its stake in CRA International by 3.6% during the 1st quarter. Kennedy Capital Management LLC now owns 3,324 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 117 shares in the last quarter. Arkadios Wealth Advisors raised its stake in CRA International by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock valued at $517,000 after acquiring an additional 74 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in CRA International by 12.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 324 shares in 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.