BidaskClub Downgrades Cross Country Healthcare (CCRN) to Strong Sell
Cross Country Healthcare (NASDAQ:CCRN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.
Several other equities research analysts have also recently issued reports on the stock. ValuEngine cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. BMO Capital Markets lowered their price target on shares of Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Finally, SunTrust Banks cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.00.
Cross Country Healthcare stock opened at $7.22 on Wednesday. The stock has a market capitalization of $265.27 million, a price-to-earnings ratio of 60.17, a P/E/G ratio of 7.49 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 2.28. Cross Country Healthcare has a 1 year low of $6.91 and a 1 year high of $12.90.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
See Also: Systematic Risk
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