CRA International (NASDAQ:CRAI) Given New $212.00 Price Target at Barrington Research

CRA International (NASDAQ:CRAI - Get Free Report) had its price objective increased by equities researchers at Barrington Research from $194.00 to $212.00 in a research report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Barrington Research's price objective indicates a potential upside of 4.07% from the company's current price.

Separately, StockNews.com cut shares of CRA International from a "buy" rating to a "hold" rating in a research note on Friday, November 1st.

CRA International Stock Up 2.0 %

NASDAQ:CRAI traded up $4.09 during midday trading on Friday, hitting $203.71. The stock had a trading volume of 23,741 shares, compared to its average volume of 37,751. The stock has a 50-day moving average of $177.92 and a 200 day moving average of $171.11. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.66 and a beta of 1.13. CRA International has a one year low of $88.90 and a one year high of $208.38.

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 for the quarter, compared to analyst estimates of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same period in the previous year, the company earned $1.13 earnings per share. On average, sell-side analysts anticipate that CRA International will post 7.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Jonathan D. Yellin sold 1,250 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was 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 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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Jonathan D. Yellin sold 1,250 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.26, for a total value of $197,825.00. Following the completion of the sale, the executive vice president now owns 20,361 shares of the company's stock, valued at approximately $3,222,331.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $158.33, for a total transaction of $1,187,475.00. Following the completion of the sale, the chief executive officer now owns 159,212 shares in the company, valued at approximately $25,208,035.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of CRA International

Large investors have recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of CRA International during the first quarter worth $26,924,000. Bank of New York Mellon Corp grew its stake in CRA International by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,153 shares of the business services provider's stock valued at $10,532,000 after acquiring an additional 1,705 shares in the last quarter. Isthmus Partners LLC boosted its holdings 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 worth $4,289,000 after purchasing an additional 10,213 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of CRA International by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 10,630 shares of the business services provider's stock valued at $1,590,000 after purchasing an additional 1,912 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of CRA International by 34.9% in the second quarter. Prime Capital Investment Advisors LLC now owns 9,870 shares of the business services provider's stock valued at $1,700,000 after purchasing an additional 2,551 shares during the last quarter. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

CRA International Company Profile

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.