Charles River Laboratories International - CRL Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Charles River Laboratories International in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRL shares.
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11 equities research analysts have issued 1-year target prices for Charles River Laboratories International's stock. Their CRL share price forecasts range from $203.00 to $315.00. On average, they predict the company's share price to reach $267.75 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price.
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Charles River Laboratories International's stock was trading at $217.90 at the start of the year. Since then, CRL stock has decreased by 8.9% and is now trading at $198.57.
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Charles River Laboratories International saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,310,000 shares, an increase of 11.0% from the February 13th total of 1,180,000 shares. Based on an average trading volume of 576,600 shares, the short-interest ratio is currently 2.3 days. Approximately 2.6% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Charles River Laboratories International, Inc. (NYSE:CRL) posted its earnings results on Wednesday, February, 22nd. The medical research company reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.23. The medical research company earned $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Charles River Laboratories International had a net margin of 12.23% and a trailing twelve-month return on equity of 20.98%. The business's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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), Horizon Kinetics Inflation Beneficiaries ETF (INFL), Franklin Genomic Advancements ETF (HELX), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ), VanEck Biotech ETF (BBH), BlackRock Future Innovators ETF (BFTR) and Schwab Ariel ESG ETF (SAEF).

Charles River Laboratories International updated its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $9.70-$10.90 for the period, compared to the consensus earnings per share estimate of $11.37. The company issued revenue guidance of $4.04 billion-$4.16 billion, compared to the consensus revenue estimate of $4.13 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 shareholders include Price T Rowe Associates Inc. MD (3.64%), Moneta Group Investment Advisors LLC (2.70%), Clearbridge Investments LLC (2.69%), Allspring Global Investments Holdings LLC (2.26%), Geode Capital Management LLC (2.04%) and Marshall Wace LLP (1.72%). 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, Robert J Bertolini, 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 $198.57.

Charles River Laboratories International (NYSE:CRL) has a market capitalization of $10.13 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 $9.47 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.