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Cantor Fitzgerald analyst Joseph France maintained a Hold rating on Cross Country Healthcare (NASDAQ: CCRN) today and set a price target of $11. The company’s shares opened today at $11.05.
France wrote:
“Updated outlook. Despite the modest 1Q18 upside, we are lowering our estimates. We are cutting our 2018 revenue estimate to $861 million (from $867 million), lowering adjusted EPS to $0.45 (from $0.55), and reducing adjusted EBITDA to $44 million (from $47 million). We are introducing 2019 estimates that include revenue of $915 million (vs. $912 million consensus), adjusted EPS of $0.60 (vs. $0.65 consensus) and adjusted EBITDA of $52 million (vs. $58 million).”
According to TipRanks.com, France is a 4-star analyst with an average return of 9.7% and a 55.2% success rate. France covers the Services sector, focusing on stocks such as Five Star Quality Care, US Physical Therapy, and Envision Healthcare.
Currently, the analyst consensus on Cross Country Healthcare is Moderate Buy and the average price target is $12.80, representing a 15.8% upside.
In a report issued on May 2, Oppenheimer also maintained a Hold rating on the stock.
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Cross Country Healthcare’s market cap is currently $394.2M and has a P/E ratio of 9.65. The company has a Price to Book ratio of 1.66.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCRN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cross Country Healthcare, Inc. engages in the provision of healthcare staffing and workforce management solutions. It operates through the following segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services.
