Barrington Research Reiterates “Buy” Rating for CRA International (NASDAQ:CRAI)

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Barrington Research reissued their buy rating on shares of CRA International (NASDAQ:CRAI) in a research note issued to investors on Friday, AnalystRatings.com reports. Barrington Research currently has a $53.00 target price on the business services provider’s stock.

Several other equities analysts have also recently issued reports on CRAI. Zacks Investment Research cut CRA International from a strong-buy rating to a hold rating in a research report on Tuesday, April 30th. ValuEngine cut CRA International from a sell rating to a strong sell rating in a research report on Friday, May 3rd. TheStreet cut CRA International from a b rating to a c+ rating in a research report on Tuesday, May 28th. Finally, BidaskClub upgraded CRA International from a sell rating to a hold rating in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. CRA International has an average rating of Hold and a consensus target price of $49.50.

CRAI opened at $41.64 on Friday. CRA International has a 12 month low of $34.24 and a 12 month high of $58.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.48. The firm has a market cap of $327.35 million, a PE ratio of 15.14, a P/E/G ratio of 1.18 and a beta of 1.11. The firm has a 50 day simple moving average of $38.80.

CRA International (NASDAQ:CRAI) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. CRA International had a return on equity of 11.70% and a net margin of 4.90%. The firm had revenue of $110.60 million for the quarter, compared to analysts’ expectations of $110.95 million. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that CRA International will post 2.66 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Monday, August 26th. CRA International’s dividend payout ratio (DPR) is presently 29.09%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of CRA International by 360.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,645 shares of the business services provider’s stock worth $83,000 after acquiring an additional 1,288 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of CRA International during the 1st quarter worth $92,000. SG Americas Securities LLC bought a new stake in shares of CRA International during the 1st quarter worth $116,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of CRA International by 296.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,981 shares of the business services provider’s stock worth $127,000 after acquiring an additional 2,229 shares in the last quarter. Finally, Sawgrass Asset Management LLC bought a new stake in shares of CRA International during the 1st quarter worth $258,000. 86.63% of the stock is owned by institutional investors and hedge funds.

About CRA International

CRA International, Inc, a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. 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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