Zacks Investment Research Upgrades Crawford & Company (CRD.B) to Hold

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Crawford & Company (NYSE:CRD.B) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “CRAWFORD & CO. is a worldwide diversified services firm organized which provides claims services, risk management services, disability managment, risk control services and risk management information services to insurance companies, self-insured corporations and governmental entities. “

Separately, ValuEngine upgraded Crawford & Company from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th.

Shares of NYSE CRD.B opened at $8.85 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.95. Crawford & Company has a 52 week low of $7.54 and a 52 week high of $10.56. The firm has a market capitalization of $472.89 million, a P/E ratio of 11.20 and a beta of 0.95.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings data on Monday, February 25th. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $263.79 million for the quarter, compared to analyst estimates of $279.98 million. Crawford & Company had a return on equity of 24.33% and a net margin of 2.31%. As a group, equities analysts anticipate that Crawford & Company will post 0.83 EPS for the current year.

About Crawford & Company

Crawford & Company provides claims management and outsourcing solutions to the risk management and insurance industry, and self-insured entities. The company's Crawford Claims Solutions segment offers claims management services related to property, casualty, and catastrophe losses caused by physical damage to commercial and residential real properties, and personal properties, as well as marine losses.

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