CRA International (NASDAQ:CRAI)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $56.29 and last traded at $56.09, with a volume of 100222 shares traded. The stock had previously closed at $55.68.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of CRA International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of CRA International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Finally, ValuEngine raised shares of CRA International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
The company has a market cap of $469.10, a PE ratio of 29.17 and a beta of 0.73.
CRA International (NASDAQ:CRAI) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.33. The business had revenue of $97.00 million for the quarter, compared to the consensus estimate of $89.60 million. CRA International had a net margin of 2.06% and a return on equity of 7.80%. The business’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. research analysts expect that CRA International will post 2.15 EPS for the current fiscal year.
CRA International announced that its board has initiated a share repurchase plan on Thursday, February 15th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in CRAI. SG Americas Securities LLC purchased a new stake in shares of CRA International in the 3rd quarter valued at approximately $128,000. MetLife Investment Advisors LLC purchased a new stake in shares of CRA International in the 4th quarter valued at approximately $219,000. Fuller & Thaler Asset Management Inc. raised its stake in shares of CRA International by 23.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 25,900 shares of the business services provider’s stock valued at $1,164,000 after acquiring an additional 5,000 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of CRA International by 22.7% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 41,115 shares of the business services provider’s stock valued at $1,686,000 after acquiring an additional 7,600 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of CRA International by 5.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 46,963 shares of the business services provider’s stock valued at $2,111,000 after acquiring an additional 2,275 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.
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About CRA International
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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