CRA International (NASDAQ:CRAI) Price Target Raised to $212.00

11 Nov 2024, 06:47 by Scott Moore · The Cerbat Gem

CRA International (NASDAQ:CRAI – Free Report) had its target price boosted by Barrington Research from $194.00 to $212.00 in a research report released on Friday,Benzinga reports. Barrington Research 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 shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

Read Our Latest Stock Report on CRAI

CRA International Price Performance

Shares of CRAI opened at $203.71 on Friday. CRA International has a 1-year low of $88.90 and a 1-year high of $208.38. The stock 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. The firm has a 50-day simple moving average of $178.62 and a two-hundred day simple moving average of $171.82.

CRA International (NASDAQ:CRAI – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. The firm had revenue of $167.75 million during the quarter, compared to analysts’ expectations of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same quarter in the previous year, the business posted $1.13 earnings per share. As a group, sell-side analysts expect that CRA International will post 7.03 earnings per share for the current fiscal year.

CRA International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, November 26th. This is an increase from CRA International’s previous quarterly dividend of $0.42. CRA International’s payout ratio is currently 31.72%.

Insider Activity

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

Institutional Trading of CRA International

Hedge funds have recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of CRA International in the 1st quarter valued at $26,924,000. Bank of New York Mellon Corp increased its position in shares of 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 purchasing an additional 1,705 shares during the last quarter. Isthmus Partners LLC grew its position in shares of CRA International by 55.3% during the 1st quarter. Isthmus Partners LLC now owns 28,675 shares of the business services provider’s stock valued at $4,289,000 after buying an additional 10,213 shares during the last quarter. Foundry Partners LLC grew its position in shares of CRA International by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock valued at $3,271,000 after buying an additional 180 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of CRA International by 21.9% during the 1st quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider’s stock valued at $1,590,000 after buying an additional 1,912 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.

About CRA International

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