Cross Country Healthcare Receives a Hold from Oppenheimer

Oppenheimer analyst Michael Wiederhorn maintained a Hold rating on Cross Country Healthcare (NASDAQ: CCRN) yesterday. The company’s shares closed yesterday at $12.61.

Wiederhorn commented:

“CCRN reported Q1:18 adjusted EPS of $0.06 (GAAP: $0.05) compared to OPCO/ Street estimates of $0.02 and guidance of $0.01-$0.03. The company was encouraged by the progress of the transient items that impacted results late in ’17 and early ’18 and expects to return to normalized growth in 2H:18. We note that cash flow was strong yet again, and OCF now stands at an impressive $57M over the last 12 months. As for Q2, the company guided toward adj-EPS of $0.04-$0.06 (OPCO/ Street: $0.11/$0.12E). Following the quarter, we are largely maintaining our 2H:18 estimates, but are still tweaking our FY2018/2019 EPS estimates to $0.50/$0.71 from $0.51/$0.78.”

According to TipRanks.com, Wiederhorn is a top 100 analyst with an average return of 14.6% and a 71.1% success rate. Wiederhorn covers the Services sector, focusing on stocks such as Addus Homecare Corp, Envision Healthcare, and Community Health.

Currently, the analyst consensus on Cross Country Healthcare is Moderate Buy and the average price target is $12.80, representing a 1.5% upside.

In a report released yesterday, Cantor Fitzgerald also maintained a Hold rating on the stock with a $11 price target.

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The company has a one-year high of $14.65 and a one-year low of $9.07. Currently, Cross Country Healthcare has an average volume of 206.1K.

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.

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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.