BidaskClub upgraded shares of CRA International (NASDAQ:CRAI) from a hold rating to a buy rating in a report published on Saturday morning.
Several other brokerages have also recently commented on CRAI. Zacks Investment Research raised shares of CRA International from a hold rating to a buy rating and set a $51.00 price target on the stock in a research report on Friday, February 16th. ValuEngine cut shares of CRA International from a buy rating to a hold rating in a research report on Friday, December 1st.
CRA International (NASDAQ CRAI) opened at $50.81 on Friday. CRA International has a 12-month low of $31.77 and a 12-month high of $53.00. The company has a market cap of $419.49, a PE ratio of 59.64 and a beta of 0.87.
CRA International declared that its Board of Directors has approved a stock repurchase program on Thursday, February 15th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. CRA International’s payout ratio is 78.16%.
Several hedge funds have recently modified their holdings of CRAI. Teachers Advisors LLC raised its stake in CRA International by 5.2% during the second quarter. Teachers Advisors LLC now owns 16,174 shares of the business services provider’s stock worth $587,000 after acquiring an additional 798 shares during the period. TIAA CREF Investment Management LLC raised its stake in CRA International by 5.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 46,963 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 2,275 shares during the period. SG Americas Securities LLC acquired a new stake in CRA International during the third quarter worth about $128,000. New York State Common Retirement Fund raised its stake in CRA International by 48.0% during the second quarter. New York State Common Retirement Fund now owns 12,286 shares of the business services provider’s stock worth $446,000 after acquiring an additional 3,985 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in CRA International during the second quarter worth about $156,000. 86.19% of the stock is currently owned by institutional investors and hedge funds.
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CRA International Company Profile
CRA International, Inc is a global consulting firm. The Company provides economic, financial and management consulting services. The Company consulting services in two areas: litigation, regulatory, and financial consulting and management consulting. The Company provides services, such as economic capability, analyses and testimony in areas, such as Antitrust & Competition; Damages & Valuation; Financial Accounting & Valuation; Financial Economics; Forensic & Cyber Investigations; Insurance Economics; Intellectual Property; International Arbitration; Labor & Employment; Mergers & Acquisitions; Regulatory Economics & Compliance; Securities & Financial Markets, and Transfer Pricing.
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