Cross Country Healthcare Downgraded by Cantor Fitzgerald to Hold (CCRN)
Cross Country Healthcare (NASDAQ: CCRN) was downgraded by equities researchers at Cantor Fitzgerald from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Shares of Cross Country Healthcare (NASDAQ: CCRN) opened at 5.59 on Friday. Cross Country Healthcare has a 52 week low of $3.80 and a 52 week high of $6.23. The stock’s 50-day moving average is currently $5.71. The company’s market cap is $172.7 million.
Cross Country Healthcare (NASDAQ: CCRN) last released its earnings data on Monday, March 18th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.30. The company had revenue of $111.73 million for the quarter, compared to the consensus estimate of $126.52 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Cross Country Healthcare has set its Q1 guidance at ~0.00 EPS. Analysts expect that Cross Country Healthcare will post $0.12 EPS for the current fiscal year.
A number of other firms have also recently commented on CCRN. Analysts at BMO Capital Markets raised their price target on shares of Cross Country Healthcare from $6.00 to $7.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at TheStreet upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research note to investors on Friday, March 8th. Finally, analysts at UBS AG raised their price target on shares of Cross Country Healthcare from $4.25 to $5.75 in a research note to investors on Thursday, February 7th. They now have a “neutral” rating on the stock.
Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cross Country Healthcare has a consensus rating of “Hold” and a consensus target price of $6.26.
Cross Country Healthcare, Inc. (NASDAQ: CCRN) is engaged in healthcare staffing services offering a range of staffing and outsourcing services to the healthcare market.
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