Cross Country Healthcare Receives a Hold from Cantor Fitzgerald

In a report released today, Joseph France from Cantor Fitzgerald maintained a Hold rating on Cross Country Healthcare (NASDAQ: CCRN), with a price target of $11. The company’s shares opened today at $12.61.

France wrote:

“1Q18 results were in line with our estimates, which were higher than the FactSet consensus, but as in the case of the company’s initial 1Q18 outlook, management’s first look at 2Q18 falls short of our estimates and the consensus.”

According to TipRanks.com, France is a 4-star analyst with an average return of 9.4% and a 54.0% success rate. France covers the Services sector, focusing on stocks such as Five Star Quality Care, Envision Healthcare, and US Physical Therapy.

Cross Country Healthcare has an analyst consensus of Moderate Buy, with a price target consensus of $12.80.

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Cross Country Healthcare’s market cap is currently $456.6M and has a P/E ratio of 12.61. The company has a book value ratio of 1.9258.

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.