Back to top

Bull of the Day

CRA International's (CRAI) first quarter 2011 earnings beat the Zacks Consensus Estimate, primarily owing to an uptick in utilization rate backed by successful restructuring actions. The company also continues to enhance its margin through its cost-saving initiatives.

In spite of clients' cautious aggregate spending, business conditions have started to improve with a healthy new business lead flow, an improved conversion rate, and an active pipeline of both litigation and management consulting businesses. Going forward, we believe the company's growth initiatives, healthy cash balance, new business wins, and international expansion will help generate positive results in the long term.

Hence, we upgrade the stock from Neutral to Outperform. Our six-month target price of $30.00 per share equates to about 20x our earnings estimate for 2011. With no dividend to supplement, this target price implies an expected return of 19.6% over that period.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SYNAPTICS I… SYNA 78.11 +8.14%
CENTURY ALU… CENX 19.88 +5.74%
GREEN PLAIN… GPRE 39.41 +5.12%
PILGRIM'S P… PPC 28.82 +3.08%
THE PANTRY… PTRY 18.41 +2.79%