Zacks: Crawford & Company (CRD.B) Given $13.00 Average Price Target by Brokerages

Crawford & Company (NYSE:CRD.B) has earned a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a one year consensus target price of $13.00 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Crawford & Company an industry rank of 58 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on CRD.B shares. Zacks Investment Research lowered Crawford & Company from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine lowered Crawford & Company from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, William Blair reaffirmed an “outperform” rating on shares of Crawford & Company in a research report on Monday.

Shares of Crawford & Company (NYSE CRD.B) opened at $8.45 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $510.26, a price-to-earnings ratio of 10.40 and a beta of 1.75. Crawford & Company has a twelve month low of $8.22 and a twelve month high of $12.40.

Crawford & Company (NYSE:CRD.B) last announced its quarterly earnings data on Wednesday, March 7th. The business services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.10. The business had revenue of $298.77 million during the quarter, compared to analyst estimates of $275.30 million. Crawford & Company had a return on equity of 28.75% and a net margin of 2.38%. analysts forecast that Crawford & Company will post 0.8 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.37%. The ex-dividend date was Friday, February 23rd. Crawford & Company’s payout ratio is currently 45.46%.

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Crawford & Company Company Profile

Crawford & Company (Crawford) is an independent provider of claims management solutions to insurance and self-insured entities. The Company’s Crawford Solution offers claims services, business process outsourcing and consulting services for various product lines, including property and casualty claims management; workers’ compensation claims and medical management, and legal settlement administration.

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