Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Target Price at $9.83

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given an average rating of “Hold” by the ten analysts that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.83.

Several analysts have recently commented on the company. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Barrington Research set a $10.00 price target on Atento and gave the company a “buy” rating in a research report on Monday, May 20th. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.

In other Cross Country Healthcare news, CEO Kevin Cronin Clark purchased 8,330 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of $8.00 per share, with a total value of $66,640.00. Following the completion of the transaction, the chief executive officer now owns 250,734 shares of the company’s stock, valued at approximately $2,005,872. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its holdings in Cross Country Healthcare by 413.3% during the first quarter. BNP Paribas Arbitrage SA now owns 7,407 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 5,964 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Cross Country Healthcare during the fourth quarter valued at $75,000. Magnus Financial Group LLC bought a new position in Cross Country Healthcare during the fourth quarter valued at $83,000. Metropolitan Life Insurance Co. NY grew its holdings in Cross Country Healthcare by 399.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,861 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 9,486 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Cross Country Healthcare by 36.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,104 shares of the business services provider’s stock valued at $97,000 after purchasing an additional 3,476 shares during the period. 93.66% of the stock is owned by institutional investors and hedge funds.

Shares of Cross Country Healthcare stock traded down $0.05 on Tuesday, hitting $9.15. The company had a trading volume of 122,986 shares, compared to its average volume of 203,289. The firm has a market capitalization of $336.96 million, a PE ratio of 101.67, a price-to-earnings-growth ratio of 17.78 and a beta of 1.24. Cross Country Healthcare has a 1 year low of $6.75 and a 1 year high of $12.12. The stock’s 50 day simple moving average is $8.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.08.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. The firm had revenue of $195.10 million during the quarter, compared to the consensus estimate of $198.47 million. Cross Country Healthcare had a positive return on equity of 1.19% and a negative net margin of 2.54%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. As a group, analysts anticipate that Cross Country Healthcare will post 0.05 EPS for the current year.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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