Crawford & Company (NYSE:CRD.B) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Crawford & Company (NYSE:CRD.B) from a hold rating to a sell rating in a research note published on Tuesday morning, 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. “

A number of other analysts also recently issued reports on the company. ValuEngine downgraded Viewray from a buy rating to a hold rating in a research note on Wednesday, April 24th. Raymond James set a C$3.50 price objective on StorageVault Canada and gave the stock a strong-buy rating in a research note on Thursday, May 16th.

NYSE:CRD.B traded up $0.03 during trading hours on Tuesday, reaching $9.52. The stock had a trading volume of 33,300 shares, compared to its average volume of 136,310. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.34 and a quick ratio of 1.34. Crawford & Company has a 52 week low of $8.00 and a 52 week high of $10.56. The company’s 50 day moving average price is $8.83. The company has a market capitalization of $511.91 million, a PE ratio of 12.05 and a beta of 1.01.

Crawford & Company (NYSE:CRD.B) last released its quarterly earnings data on Monday, May 6th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). Crawford & Company had a return on equity of 23.96% and a net margin of 2.16%. The firm had revenue of $247.06 million during the quarter, compared to the consensus estimate of $269.43 million. Sell-side analysts anticipate that Crawford & Company will post 0.79 EPS for the current fiscal year.

Crawford & Company Company Profile

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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