Charles River Laboratories International (CRL) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Charles River Laboratories International in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRL shares.
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10 Wall Street research analysts have issued twelve-month price targets for Charles River Laboratories International's stock. Their CRL share price forecasts range from $203.00 to $315.00. On average, they expect the company's stock price to reach $260.73 in the next year. This suggests a possible upside of 28.1% from the stock's current price.
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Charles River Laboratories International's stock was trading at $217.90 at the beginning of 2023. Since then, CRL stock has decreased by 6.6% and is now trading at $203.50.
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Charles River Laboratories International saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,340,000 shares, a decrease of 13.0% from the April 30th total of 1,540,000 shares. Based on an average daily volume of 607,300 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Charles River Laboratories International, Inc. (NYSE:CRL) announced its earnings results on Wednesday, February, 22nd. The medical research company reported $2.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.23. The medical research company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Charles River Laboratories International had a trailing twelve-month return on equity of 20.12% and a net margin of 12.13%. The company's quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.49 earnings per share.
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ETFs with the largest weight of Charles River Laboratories International (NYSE:CRL) stock in their portfolio include Future Fund Active ETF (FFND), First Trust NYSE Arca Biotechnology Index Fund (FBT), Simplify Health Care ETF (PINK), Horizon Kinetics Inflation Beneficiaries ETF (INFL), VanEck Biotech ETF (BBH), Franklin Genomic Advancements ETF (HELX), BlackRock Future Innovators ETF (BFTR) and Schwab Ariel ESG ETF (SAEF).

Charles River Laboratories International updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of $9.90-$10.90 for the period, compared to the consensus estimate of $10.24. The company issued revenue guidance of $4.06 billion-$4.16 billion, compared to the consensus revenue estimate of $4.09 billion.

291 employees have rated Charles River Laboratories International Chief Executive Officer James C. Foster on Glassdoor.com. James C. Foster has an approval rating of 75% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Charles River Laboratories International investors own include NVIDIA (NVDA), Boeing (BA), Pfizer (PFE), AbbVie (ABBV), Alibaba Group (BABA), Salesforce (CRM), Abbott Laboratories (ABT), Mastercard (MA), Intuitive Surgical (ISRG) and Johnson & Johnson (JNJ).

Charles River Laboratories International trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRL."

Charles River Laboratories International's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.35%), Price T Rowe Associates Inc. MD (4.90%), State Street Corp (4.01%), Kayne Anderson Rudnick Investment Management LLC (3.18%), Clearbridge Investments LLC (2.75%) and Allspring Global Investments Holdings LLC (2.26%). Insiders that own company stock include Birgit Girshick, David Ross Smith, Deborah Turner Kochevar, George Massaro, James C Foster, James C Foster, Joseph W Laplume, Michael Gunnar Knell, Richard F Wallman, Shannon M Parisotto, Stephen D Chubb, Victoria L Creamer, William D Barbo and William D Barbo.
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Shares of CRL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRL stock can currently be purchased for approximately $203.50.

Charles River Laboratories International (NYSE:CRL) has a market capitalization of $10.42 billion and generates $3.98 billion in revenue each year. The medical research company earns $486.23 million in net income (profit) each year or $9.67 on an earnings per share basis.

The company employs 21,400 workers across the globe.

Charles River Laboratories International's mailing address is 251 BALLARDVALE STREET, WILMINGTON MA, 01887. The official website for the company is www.criver.com. The medical research company can be reached via phone at (781) 222-6000, via email at askcharlesriver@crl.com, or via fax at 978-988-5665.