Cross Country Healthcare (CCRN) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a hold rating to a buy rating in a report published on Friday.

Several other equities analysts also recently issued reports on the stock. Stephens began coverage on shares of Cross Country Healthcare in a research note on Tuesday, October 2nd. They set an equal weight rating for the company. Zacks Investment Research raised shares of Cross Country Healthcare from a sell rating to a hold rating in a research note on Thursday, September 27th. Barrington Research set a $11.00 target price on shares of Cross Country Healthcare and gave the stock a buy rating in a research note on Thursday, November 15th. Lake Street Capital raised shares of Cross Country Healthcare from a hold rating to a buy rating and lifted their target price for the stock from $10.00 to $12.00 in a research note on Friday, November 2nd. Finally, ValuEngine raised shares of Cross Country Healthcare from a strong sell rating to a sell rating in a research note on Thursday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Cross Country Healthcare has an average rating of Hold and a consensus price target of $12.29.

CCRN stock opened at $8.77 on Friday. Cross Country Healthcare has a 12-month low of $6.91 and a 12-month high of $14.31. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.35. The stock has a market cap of $303.78 million, a price-to-earnings ratio of 14.38, a PEG ratio of 2.41 and a beta of 0.78.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $200.72 million during the quarter, compared to the consensus estimate of $200.66 million. Cross Country Healthcare had a net margin of 3.67% and a return on equity of 4.43%. Cross Country Healthcare’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. On average, research analysts anticipate that Cross Country Healthcare will post 0.15 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Cross Country Healthcare during the second quarter worth $177,000. BlackRock Inc. raised its holdings in shares of Cross Country Healthcare by 7.0% during the second quarter. BlackRock Inc. now owns 4,963,305 shares of the business services provider’s stock worth $55,837,000 after acquiring an additional 325,121 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cross Country Healthcare by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,960,349 shares of the business services provider’s stock worth $22,054,000 after acquiring an additional 216,714 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Cross Country Healthcare during the second quarter worth $219,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Cross Country Healthcare during the second quarter worth $122,000. Institutional investors and hedge funds own 91.25% of the company’s stock.

Cross Country Healthcare Company Profile

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.

Further Reading: Fundamental Analysis and Choosing Stocks

Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit