Cross Country Healthcare Rating Lowered to Neutral at Citigroup Inc. (CCRN)
Cross Country Healthcare (NASDAQ:CCRN) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $11.50 price target on the stock, up from their previous price target of $8.50. Citigroup Inc.’s target price would indicate a potential upside of 14.89% from the stock’s previous close.
Shares of Cross Country Healthcare (NASDAQ:CCRN) traded down 4.30% on Tuesday, hitting $10.01. The stock had a trading volume of 744,323 shares. Cross Country Healthcare has a one year low of $4.59 and a one year high of $10.83. The stock’s 50-day moving average is $8.32 and its 200-day moving average is $6.40. The company’s market cap is $311.2 million.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.06. The company had revenue of $108.00 million for the quarter, compared to the consensus estimate of $111.93 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that Cross Country Healthcare will post $0.03 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CCRN. Analysts at BMO Capital Markets raised their price target on shares of Cross Country Healthcare from $9.00 to $12.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Analysts at Cantor Fitzgerald raised their price target on shares of Cross Country Healthcare from $6.00 to $7.00 in a research note to investors on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cross Country Healthcare currently has a consensus rating of “Hold” and a consensus target price of $9.53.
Cross Country Healthcare, Inc (NASDAQ:CCRN) is engaged in the healthcare staffing services offering a suite staffing and outsourcing services to the healthcare market.
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