Cross Country Healthcare, Inc. (CCRN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned an average recommendation of “Buy” from the seven analysts that are covering the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.50.
A number of equities analysts have weighed in on the stock. TheStreet cut shares of Cross Country Healthcare from a “b-” rating to a “c” rating in a research report on Thursday, March 2nd. Lake Street Capital started coverage on shares of Cross Country Healthcare in a research note on Wednesday, February 15th. They issued a “buy” rating and a $17.00 target price on the stock. Zacks Investment Research lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Benchmark Co. cut their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Finally, Avondale Partners lowered shares of Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $15.50 target price on the stock. in a research note on Tuesday, January 24th.
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Cross Country Healthcare (NASDAQ:CCRN) traded down 4.13% during mid-day trading on Tuesday, reaching $11.38. The company’s stock had a trading volume of 198,735 shares. The stock’s 50 day moving average price is $13.40 and its 200 day moving average price is $14.40. The stock’s market capitalization is $414.61 million. Cross Country Healthcare has a 1-year low of $10.53 and a 1-year high of $16.38.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $207.57 million during the quarter, compared to analysts’ expectations of $212.43 million. Cross Country Healthcare had a net margin of 1.21% and a return on equity of 25.48%. Analysts expect that Cross Country Healthcare will post $0.63 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its stake in Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock valued at $103,000 after buying an additional 5,955 shares during the period. Globeflex Capital L P acquired a new stake in Cross Country Healthcare during the first quarter valued at $104,000. Mason Street Advisors LLC raised its stake in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Cross Country Healthcare during the first quarter valued at $157,000. Finally, Alambic Investment Management L.P. acquired a new stake in Cross Country Healthcare during the third quarter valued at $132,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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