CRA International (NASDAQ:CRAI) Price Target Raised to $224.00

CRA International (NASDAQ:CRAI) had its price target boosted by Barrington Research from $212.00 to $224.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 12.15% from the stock’s current price.

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

CRA International Stock Down 0.6 %

Shares of CRAI traded down $1.25 on Monday, hitting $199.74. 3,549 shares of the stock traded hands, compared to its average volume of 33,054. The stock’s 50 day moving average is $187.93 and its two-hundred day moving average is $182.12. The firm has a market capitalization of $1.35 billion, a P/E ratio of 29.64, a P/E/G ratio of 1.75 and a beta of 1.13. CRA International has a 1 year low of $111.40 and a 1 year high of $214.01.

CRA International (NASDAQ:CRAI) last released its earnings results on Thursday, February 20th. The business services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.44. CRA International had a return on equity of 25.95% and a net margin of 6.79%. The firm had revenue of $176.44 million for the quarter, compared to the consensus estimate of $166.29 million. Research analysts forecast that CRA International will post 7.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRAI. Harbor Capital Advisors Inc. grew its position in shares of CRA International by 2.9% during the third quarter. Harbor Capital Advisors Inc. now owns 3,095 shares of the business services provider’s stock worth $543,000 after buying an additional 86 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in CRA International by 3.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,418 shares of the business services provider’s stock valued at $640,000 after acquiring an additional 108 shares during the last quarter. Foundry Partners LLC grew its holdings in CRA International by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 18,660 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 180 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of CRA International by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 3,982 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 250 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in CRA International in the third quarter valued at about $164,000. Institutional investors and hedge funds own 84.13% of the company’s stock.

About CRA International

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.