Get Articles Daily from StraightStocks - Enter Email Address


  • National Debt Clock


CRAI in Tough Situation – Analyst Blog

Source: http://www.zacks.com/stock/news/16845/CRAI+in+Tough+Situation++-+Analyst+Blog
 Posted on Friday, January 16th, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

We maintain our Sell rating on shares of CRA International (CRAI) following the release of Q4 results.

The company’s operating environment remains challenging, with client demand slowing and utilization rates continuing to fall despite recent restructuring activities. We anticipate that investors will demand evidence that management has properly addressed the company’s operational problems before affording a higher multiple to CRAI shares. The shares of CRA International are currently trading at a discount to the peer group average on a price/earnings basis.

Our price target of $20 per share reflects a multiple of 9x our 2009 earnings per share estimate. While this multiple represents a discount to the peer group average, we feel this discount is well warranted given the company’s poor operating performance in 2008 and the uncertainty regarding its business prospects in 2009.

Read the full analyst report on CRAI

“CRAI” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

Last 5 posts by Zacks Market Commentaries
About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries

Leave a Reply

Name

Email (kept private)

Website









No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.