Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $19.20 Consensus Target Price from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.75.

Several equities research analysts have recently issued reports on CCRN shares. Barrington Research lowered their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a report on Monday, October 21st.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Cross Country Healthcare by 212.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 8,225 shares during the last quarter. Denali Advisors LLC raised its stake in shares of Cross Country Healthcare by 3,885.5% in the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,362 shares during the period. Empowered Funds LLC raised its position in Cross Country Healthcare by 8.2% in the 1st quarter. Empowered Funds LLC now owns 113,290 shares of the business services provider’s stock valued at $2,121,000 after buying an additional 8,559 shares during the last quarter. Sei Investments Co. lifted its position in shares of Cross Country Healthcare by 6.4% in the first quarter. Sei Investments Co. now owns 138,863 shares of the business services provider’s stock worth $2,600,000 after purchasing an additional 8,362 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in Cross Country Healthcare by 40.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,875 shares of the business services provider’s stock worth $260,000 after buying an additional 4,020 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Down 0.7 %

NASDAQ CCRN opened at $11.33 on Tuesday. The stock has a market capitalization of $383.07 million, a PE ratio of 49.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. Cross Country Healthcare has a 12-month low of $11.24 and a 12-month high of $23.64. The company has a 50 day moving average price of $13.28 and a two-hundred day moving average price of $14.52.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $339.77 million for the quarter, compared to the consensus estimate of $334.75 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The firm’s revenue for the quarter was down 37.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. As a group, equities analysts anticipate that Cross Country Healthcare will post 0.52 EPS for the current year.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.