Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Average Recommendation of “Buy” from Analysts
Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.50.
CCRN has been the subject of several research analyst reports. Benchmark Co. reduced their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, May 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $18.00 target price on shares of Cross Country Healthcare in a report on Wednesday, April 5th. Finally, Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday.
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Cross Country Healthcare (NASDAQ CCRN) traded up 0.16% during midday trading on Friday, reaching $12.31. 128,508 shares of the company’s stock were exchanged. The company’s market cap is $448.49 million. Cross Country Healthcare has a 52 week low of $10.53 and a 52 week high of $16.38. The firm has a 50-day moving average price of $12.18 and a 200 day moving average price of $13.94.
Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $207.57 million during the quarter, compared to the consensus estimate of $212.43 million. Cross Country Healthcare had a negative net margin of 1.55% and a positive return on equity of 13.60%. Analysts anticipate that Cross Country Healthcare will post $0.63 EPS for the current year.
A number of institutional investors have recently made changes to their positions in CCRN. Ranger Investment Management L.P. raised its stake in Cross Country Healthcare by 27.3% in the first quarter. Ranger Investment Management L.P. now owns 100,810 shares of the business services provider’s stock worth $1,448,000 after buying an additional 21,590 shares in the last quarter. Bank of America Corp DE raised its position in shares of Cross Country Healthcare by 126.6% in the first quarter. Bank of America Corp DE now owns 72,753 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 40,650 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Cross Country Healthcare by 1.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 62,315 shares of the business services provider’s stock valued at $895,000 after buying an additional 600 shares in the last quarter. Lucus Advisors LLC bought a new position in shares of Cross Country Healthcare during the first quarter valued at about $413,000. Finally, Globeflex Capital L P bought a new position in shares of Cross Country Healthcare during the first quarter valued at about $104,000. Hedge funds and other institutional investors own 90.05% 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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