Barrington Thinks Cross Country Healthcare’s Stock is Going to Recover


In a report released today, Kevin Steinke from Barrington maintained a Buy rating on Cross Country Healthcare (CCRN), with a price target of $9.00. The company’s shares closed last Friday at $5.19, close to its 52-week low of $4.50.

According to TipRanks.com, Steinke is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.1% and a 39.1% success rate. Steinke covers the Services sector, focusing on stocks such as Heritage-Crystal Clean, Echo Global Logistics, and Heidrick & Struggles.

Currently, the analyst consensus on Cross Country Healthcare is a Moderate Buy with an average price target of $8.67.

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The company has a one-year high of $13.42 and a one-year low of $4.50. Currently, Cross Country Healthcare has an average volume of 338.5K.

Based on the recent corporate insider activity of 22 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. The Nurse and Allied Staffing segment provides workforce solutions and traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing. The Physician Staffing segment consists of certified registered nurse anesthetists, nurse practitioners, and physician assistants. The Other Human Capital Management Services segment includes retained and contingent search services for physicians, healthcare executives, and other healthcare professionals. The company was founded in 1975 and is headquartered in Boca Raton, FL.

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