Charles River Associates' (CRAI) "Outperform" Rating Reiterated at Barrington Research

Key Points

• Barrington Research has reiterated its "outperform" rating for Charles River Associates (CRAI) and set a price target of $235.00, suggesting a potential upside of 14.29% from its previous close.
• Wall Street Zen downgraded CRAI from a "buy" to a "hold" rating, while the consensus rating for the stock remains a "Buy".
• Charles River Associates reported earnings of $1.88 EPS for the last quarter, surpassing analyst expectations, with a revenue of $186.88 million.

Charles River Associates (NASDAQ:CRAI - Get Free Report)'s stock had its "outperform" rating reiterated by Barrington Research in a report issued on Tuesday,Benzinga reports. They currently have a $235.00 price target on the business services provider's stock. Barrington Research's price objective would suggest a potential upside of 14.29% from the company's previous close.

Separately, Wall Street Zen lowered shares of Charles River Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $235.00.

Charles River Associates Price Performance

NASDAQ CRAI traded down $2.87 during trading hours on Tuesday, reaching $205.62. The company's stock had a trading volume of 13,238 shares, compared to its average volume of 75,184. The company's 50-day moving average is $189.55 and its two-hundred day moving average is $183.30. Charles River Associates has a 1-year low of $152.57 and a 1-year high of $214.66. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.64 and a beta of 0.94.

Charles River Associates (NASDAQ:CRAI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.05. The company had revenue of $186.88 million for the quarter, compared to analysts' expectations of $180.34 million. Charles River Associates had a return on equity of 25.51% and a net margin of 7.93%. Charles River Associates has set its FY 2025 guidance at EPS. Equities analysts forecast that Charles River Associates will post 7.52 EPS for the current fiscal year.

Insider Transactions at Charles River Associates

In other news, EVP Jonathan D. Yellin sold 1,750 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $187.43, for a total transaction of $328,002.50. Following the completion of the sale, the executive vice president owned 17,323 shares of the company's stock, valued at approximately $3,246,849.89. This represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Charles River Associates

Several institutional investors have recently modified their holdings of CRAI. Lazard Asset Management LLC purchased a new position in Charles River Associates in the second quarter worth about $1,424,000. BNP Paribas Financial Markets boosted its position in Charles River Associates by 243.8% in the second quarter. BNP Paribas Financial Markets now owns 11,511 shares of the business services provider's stock worth $2,157,000 after purchasing an additional 8,163 shares during the last quarter. Dearborn Partners LLC boosted its position in Charles River Associates by 3.3% in the second quarter. Dearborn Partners LLC now owns 5,033 shares of the business services provider's stock worth $943,000 after purchasing an additional 163 shares during the last quarter. Jump Financial LLC boosted its position in Charles River Associates by 422.5% in the second quarter. Jump Financial LLC now owns 18,950 shares of the business services provider's stock worth $3,551,000 after purchasing an additional 15,323 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in Charles River Associates by 9.3% in the second quarter. Kennedy Capital Management LLC now owns 3,910 shares of the business services provider's stock worth $733,000 after purchasing an additional 333 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.

About Charles River Associates

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.

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