Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Target Price at $28.14

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) have been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $28.14.

A number of research analysts have recently weighed in on CCRN shares. Barrington Research raised their price objective on shares of Cross Country Healthcare from $33.00 to $44.00 in a research note on Monday, April 11th. Zacks Investment Research raised shares of Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research note on Friday, January 21st. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Benchmark lifted their target price on shares of Cross Country Healthcare from $33.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 24th. Finally, Jefferies Financial Group upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $27.00 in a report on Thursday, January 27th.

In related news, General Counsel Susan E. Ball sold 17,458 shares of Cross Country Healthcare stock in a transaction on Monday, March 7th. The shares were sold at an average price of $20.72, for a total transaction of $361,729.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William J. Burns sold 10,000 shares of Cross Country Healthcare stock in a transaction on Monday, March 7th. The shares were sold at an average price of $20.54, for a total transaction of $205,400.00. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Cross Country Healthcare by 1.2% in the 4th quarter. BlackRock Inc. now owns 5,598,613 shares of the business services provider’s stock worth $155,417,000 after buying an additional 64,390 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Cross Country Healthcare by 138.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,332,175 shares of the business services provider’s stock worth $49,536,000 after buying an additional 1,353,750 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cross Country Healthcare by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,774,325 shares of the business services provider’s stock worth $37,687,000 after buying an additional 34,574 shares in the last quarter. Invesco Ltd. lifted its holdings in Cross Country Healthcare by 10.9% in the 3rd quarter. Invesco Ltd. now owns 675,072 shares of the business services provider’s stock worth $14,338,000 after buying an additional 66,253 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Cross Country Healthcare by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 615,146 shares of the business services provider’s stock worth $17,076,000 after buying an additional 5,062 shares in the last quarter. Hedge funds and other institutional investors own 90.96% of the company’s stock.

Shares of CCRN opened at $20.00 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a 50 day simple moving average of $21.24 and a 200-day simple moving average of $22.86. Cross Country Healthcare has a 1-year low of $12.47 and a 1-year high of $30.40. The stock has a market cap of $761.26 million, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 0.86 and a beta of 1.06.

Cross Country Healthcare (NASDAQ:CCRNGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.05. Cross Country Healthcare had a net margin of 7.87% and a return on equity of 52.08%. The business had revenue of $640.68 million during the quarter, compared to analysts’ expectations of $611.54 million. During the same period last year, the company posted $0.19 EPS. The company’s revenue was up 197.2% on a year-over-year basis. On average, equities analysts expect that Cross Country Healthcare will post 3.53 earnings per share for the current fiscal year.

About Cross Country Healthcare (Get Rating)

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

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