BidaskClub cut shares of CRA International (NASDAQ:CRAI) from a buy rating to a hold rating in a research report report published on Tuesday morning, BidAskClub reports.

A number of other equities research analysts have also recently commented on the stock. Barrington Research reiterated a buy rating and issued a $59.00 target price on shares of CRA International in a research report on Wednesday, December 18th. ValuEngine cut shares of CRA International from a hold rating to a sell rating in a research report on Monday, December 16th. Zacks Investment Research lowered shares of CRA International from a strong-buy rating to a hold rating and set a $60.00 price objective for the company. in a report on Thursday, January 2nd. Finally, William Blair reissued a market perform rating on shares of CRA International in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. CRA International currently has an average rating of Hold and a consensus price target of $59.50.

Shares of NASDAQ CRAI opened at $53.59 on Tuesday. The firm has a 50-day simple moving average of $54.48 and a 200-day simple moving average of $47.70. The stock has a market capitalization of $405.47 million, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.22 and a beta of 1.12. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. CRA International has a 52 week low of $34.24 and a 52 week high of $58.19.

In related news, Director William F. Concannon sold 695 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $51.50, for a total value of $35,792.50. Following the completion of the sale, the director now owns 24,800 shares of the company’s stock, valued at $1,277,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CRAI. New York State Teachers Retirement System grew its holdings in shares of CRA International by 234.0% in the fourth quarter. New York State Teachers Retirement System now owns 2,338 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 1,638 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of CRA International by 14.3% in the third quarter. Metropolitan Life Insurance Co NY now owns 3,061 shares of the business services provider’s stock valued at $128,000 after purchasing an additional 382 shares during the period. Public Employees Retirement System of Ohio boosted its stake in CRA International by 5.3% during the third quarter. Public Employees Retirement System of Ohio now owns 3,961 shares of the business services provider’s stock worth $166,000 after buying an additional 199 shares during the period. LSV Asset Management purchased a new position in CRA International during the fourth quarter worth about $288,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in CRA International by 53.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,575 shares of the business services provider’s stock worth $413,000 after buying an additional 2,650 shares during the period. 84.86% of the stock is owned by hedge funds and other institutional investors.

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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