NASDAQ:CCRN

Cross Country Healthcare (CCRN) Stock Forecast, Price & News

$24.34

-0.14 (-0.57%)

(As of 09/22/2023 ET)

Compare

Today's Range: $24.22
▼
$24.66
50-Day Range: $21.40
▼
$27.84
52-Week Range: $20.50
▼
$40.12

Volume: 225,031 shs
Average Volume: 578,548 shs
Market Capitalization: $871.37 million

P/E Ratio: 7.18
Dividend Yield: N/A
Price Target: $30.00

Cross Country Healthcare MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 23.3% Upside
$30.00 Price Target
Short Interest: Bearish
17.54% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.23
Upright™ Environmental Score
News Sentiment: 1.78
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -11.16%
From $2.42 to $2.15 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Business Services Sector

231st out of 307 stocks

Help Supply Services Industry

13th out of 15 stocks

2.3

Analyst's Opinion

Consensus Rating
Cross Country Healthcare has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.00, Cross Country Healthcare has a forecasted upside of 23.3% from its current price of $24.34.
Amount of Analyst Coverage
Cross Country Healthcare has only been the subject of 3 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
17.54% of the float of Cross Country Healthcare has been sold short.
Short Interest Ratio / Days to Cover
Cross Country Healthcare has a short interest ratio ("days to cover") of 11.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Cross Country Healthcare has recently increased by 3.87%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Cross Country Healthcare does not currently pay a dividend.
Dividend Growth
Cross Country Healthcare does not have a long track record of dividend growth.

4.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Cross Country Healthcare has received a 63.58% net impact score from Upright. Cross Country Healthcare seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Physical diseases". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Temporary employment agency services for healthcare industry", "Recruiter finding services", and "Temporary staffing platforms" products. See details.
Environmental Sustainability
The Environmental Impact score for Cross Country Healthcare is -0.23.

2.7

News and Social Media Coverage

News Sentiment
Cross Country Healthcare has a news sentiment score of 1.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cross Country Healthcare this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for CCRN on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cross Country Healthcare insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.50% of the stock of Cross Country Healthcare is held by insiders.
Percentage Held by Institutions
96.03% of the stock of Cross Country Healthcare is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cross Country Healthcare are expected to decrease by -11.16% in the coming year, from $2.42 to $2.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cross Country Healthcare is 7.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cross Country Healthcare is 7.18, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 33.54.
Price to Earnings Growth Ratio
Cross Country Healthcare has a PEG Ratio of 1.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cross Country Healthcare has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cross Country Healthcare (NASDAQ:CCRN) Stock

Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing, and Physician Staffing. The Nurse and Allied Staffing segment provides workforce solutions and traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; managed services programs services; education healthcare services; in-home care services; and outsourcing services. It also offers staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services. This segment provides retained search services for healthcare professionals, as well as contingent search and recruitment process outsourcing services. It serves public and private acute care and non-acute care hospitals, government facilities, local and national healthcare plans, managed care providers, public and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, and other healthcare providers under the Cross Country brand. The Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants under the Cross Country Locums brand on temporary assignments. It serves various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The company was founded in 1986 and is headquartered in Boca Raton, Florida.

CCRN Price History

30 days | 90 days | 365 days | Advanced Chart

CCRN Stock News Headlines

September 20, 2023 | finance.yahoo.com

Cross Country Named to Top 100 Most Loved Workplaces List by Newsweek

August 31, 2023 | finance.yahoo.com

Cross Country Named Presenting Sponsor of Alzheimer’s Association Walk to End Alzheimer’s Boca

September 22, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

August 31, 2023 | finance.yahoo.com

Cross Country Healthcare, Inc.'s (NASDAQ:CCRN) Stock Been Rising: Are Strong Financials Guiding The Market?

August 14, 2023 | finance.yahoo.com

Cross Country Healthcare to Attend the 16th Annual Barrington Research Virtual Fall Investment Conference

August 7, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Hold Rating for Cross Country Healthcare (CCRN)

August 5, 2023 | seekingalpha.com

Cross Country Healthcare: Earnings Beat And Price Retreat

August 3, 2023 | businesswire.com

Cross Country Healthcare Announces Second Quarter 2023 Financial Results

September 22, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

August 3, 2023 | markets.businessinsider.com

Cross Country Healthcare Inc Announces Retreat In Q2 Bottom Line, misses estimates

August 3, 2023 | markets.businessinsider.com

Cross Country Healthcare (CCRN) Gets a Sell from Bank of America Securities

August 3, 2023 | finance.yahoo.com

Cross Country (CCRN) Reports Q2 Earnings: What Key Metrics Have to Say

August 3, 2023 | finance.yahoo.com

Investors Shouldn't Overlook Cross Country Healthcare's (NASDAQ:CCRN) Impressive Returns On Capital

July 14, 2023 | finance.yahoo.com

Recent 5.5% pullback isn't enough to hurt long-term Cross Country Healthcare (NASDAQ:CCRN) shareholders, they're still up 326% over 3 years

July 13, 2023 | finance.yahoo.com

Bear Of The Day: Cross Country Healthcare (CCRN)

July 11, 2023 | finance.yahoo.com

Cross Country Healthcare to Hold Second Quarter 2023 Earnings Conference Call on Wednesday, August 2, 2023

June 29, 2023 | finance.yahoo.com

Cross Country Healthcare Certified as a Most Loved Workplace

June 26, 2023 | msn.com

William Blair Initiates Coverage of Cross Country Healthcares, Inc. - Registered Shares (CCRN) with Outperform Recommendation

June 15, 2023 | finance.yahoo.com

Cross Country Healthcare Issues Annual Sustainability Report

June 1, 2023 | markets.businessinsider.com

Analyst Expectations for Cross Country Healthcare's Future

June 1, 2023 | msn.com

Barrington Research Maintains Cross Country Healthcares, Inc. - Registered Shares (CCRN) Outperform Recommendation

May 25, 2023 | msn.com

Cross Country Healthcare: Reiterate Buy With Wide Valuation Disconnect

May 22, 2023 | finance.yahoo.com

Cross Country Healthcare to Attend the Jefferies 2023 Healthcare Conference

May 18, 2023 | finance.yahoo.com

Cross Country Launches New Xperience App, Creating a Comprehensive and Intuitive Job Searching Experience for Healthcare Professionals

May 16, 2023 | finance.yahoo.com

Cross Country’s Chief Human Resource Officer Named a 2023 DEI Influencer

May 11, 2023 | finance.yahoo.com

Majority of Nurses Attribute Well-Being Struggles to Staffing Shortages

May 6, 2023 | benzinga.com

Cross Country Healthcare Stock (NASDAQ:CCRN), Dividends

See More Headlines

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CCRN Company Calendar

Last Earnings: 8/02/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Help supply services
Sub-Industry: Health Care Services
Sector: Business Services
Current Symbol: NASDAQ:CCRN
CUSIP: 22748310
CIK: 1141103
Web: www.crosscountryhealthcare.com
Phone: (561) 998-2232
Fax: 302-636-5454
Employees: 12,980
Year Founded: 1996

Price Target and Rating

Average Stock Price Forecast: $30.00
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $25.00
Forecasted Upside/Downside: +22.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.39
Trailing P/E Ratio: 7.22
Forward P/E Ratio: 10.12
P/E Growth: 1.66
Net Income: $188.46 million
Net Margins: 5.12%
Pretax Margin: 6.82%
Return on Equity: 30.06%
Return on Assets: 15.38%

Debt

Debt-to-Equity Ratio: 0.07
Current Ratio: 2.34
Quick Ratio: 2.34

Sales & Book Value

Annual Sales: $2.81 billion
Price / Sales: 0.31
Cash Flow: $5.77 per share
Price / Cash Flow: 4.24
Book Value: $12.26 per share
Price / Book: 2.00

Miscellaneous

Outstanding Shares: 35,800,000
Free Float: 33,834,000
Market Cap: $876.38 million
Optionable: Optionable
Beta: 1.00

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Key Executives

Mr. Kevin Cronin Clark (Age 62)
Co-Founder & Non-Exec. Chairman
Comp: $1.08M

Mr. John A. Martins (Age 55)
Pres, CEO & Director
Comp: $1.84M

Mr. William J. Burns CPA (Age 53)
CPA, M.B.A., MBA, Exec. VP & CFO
Comp: $1.31M

Ms. Susan E. Ball J.D. (Age 59)
M.B.A., MBA, R.N., RN, Chief Admin. Officer, Exec. VP, Gen. Counsel & Sec.
Comp: $1.11M

Mr. Marc Krug J.D. (Age 54)
M.B.A., Group Pres of Delivery
Comp: $937.77k

Mr. Daniel J. White (Age 61)
Chief Commercial Officer
Comp: $988.89k

Mr. James V. Redd III (Age 52)
CPA, M.B.A., Sr. VP & Chief Accounting Officer

Mr. Phillip Lyn Noe (Age 52)
Chief Information Officer

Mr. Joshua David Vogel
VP of Investor Relations

Karen Varga-Sinka
Director of Corp. Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CCRN Stock - Frequently Asked Questions

Should I buy or sell Cross Country Healthcare stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cross Country Healthcare in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CCRN shares.
View CCRN analyst ratings or view top-rated stocks.
What is Cross Country Healthcare's stock price forecast for 2023?: 6 brokers have issued 1-year target prices for Cross Country Healthcare's shares. Their CCRN share price forecasts range from $25.00 to $40.00. On average, they expect the company's share price to reach $30.00 in the next year. This suggests a possible upside of 22.5% from the stock's current price.
View analysts price targets for CCRN or view top-rated stocks among Wall Street analysts.
How have CCRN shares performed in 2023?: Cross Country Healthcare's stock was trading at $26.57 at the beginning of 2023. Since then, CCRN stock has decreased by 7.9% and is now trading at $24.48.
View the best growth stocks for 2023 here.
When is Cross Country Healthcare's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CCRN earnings forecast.
How were Cross Country Healthcare's earnings last quarter?: Cross Country Healthcare, Inc. (NASDAQ:CCRN) posted its quarterly earnings results on Wednesday, August, 2nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. The business services provider had revenue of $540.70 million for the quarter, compared to analyst estimates of $531.70 million. Cross Country Healthcare had a trailing twelve-month return on equity of 30.06% and a net margin of 5.12%. The business's quarterly revenue was down 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS.
What ETFs hold Cross Country Healthcare's stock?: ETFs with the largest weight of Cross Country Healthcare (NASDAQ:CCRN) stock in their portfolio include SPDR S&P Health Care Services ETF (XHS), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Hartford Multifactor Small Cap ETF (ROSC) and Invesco S&P SmallCap Health Care ETF (PSCH).iShares Micro-Cap ETF (IWC).
What guidance has Cross Country Healthcare issued on next quarter's earnings?: Cross Country Healthcare updated its third quarter earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $0.35-$0.45 for the period, compared to the consensus estimate of $0.50. The company issued revenue guidance of $440-$450 million, compared to the consensus revenue estimate of $465.45 million.
What is John Martins' approval rating as Cross Country Healthcare's CEO?: 39 employees have rated Cross Country Healthcare Chief Executive Officer John Martins on Glassdoor.com. John Martins has an approval rating of 73% among the company's employees. 86.0% of employees surveyed would recommend working at Cross Country Healthcare to a friend.

What other stocks do shareholders of Cross Country Healthcare own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Cross Country Healthcare investors own include NVIDIA (NVDA), Energy Transfer (ET), OPKO Health (OPK), Enphase Energy (ENPH), Overstock.com (OSTK), QUALCOMM (QCOM), Vista Outdoor (VSTO), Twilio (TWLO), Advanced Micro Devices (AMD) and Activision Blizzard (ATVI).
What is Cross Country Healthcare's stock symbol?: Cross Country Healthcare trades on the NASDAQ under the ticker symbol "CCRN."
Who are Cross Country Healthcare's major shareholders?: Cross Country Healthcare's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.64%), Dimensional Fund Advisors LP (5.39%), Principal Financial Group Inc. (5.30%), State Street Corp (3.58%), Aristotle Capital Boston LLC (2.48%) and Royce & Associates LP (2.21%). Insiders that own company stock include Colin Patrick Mcdonald, Cynthia Ann Grieco, Daniele Addis, John Anthony Martins, Joseph Trunfio, Susan E Ball, W Larry Cash and William J Burns.
View institutional ownership trends.
How do I buy shares of Cross Country Healthcare?: Shares of CCRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cross Country Healthcare's stock price today?: One share of CCRN stock can currently be purchased for approximately $24.48.
How much money does Cross Country Healthcare make?: Cross Country Healthcare (NASDAQ:CCRN) has a market capitalization of $876.38 million and generates $2.81 billion in revenue each year. The business services provider earns $188.46 million in net income (profit) each year or $3.39 on an earnings per share basis.
How many employees does Cross Country Healthcare have?: The company employs 12,980 workers across the globe.
How can I contact Cross Country Healthcare?: Cross Country Healthcare's mailing address is 5201 CONGRESS AVENUE SUITE 100B, BOCA RATON FL, 33487. The official website for the company is www.crosscountryhealthcare.com. The business services provider can be reached via phone at (561) 998-2232, via email at ir@crosscountry.com, or via fax at 302-636-5454.

This page (NASDAQ:CCRN) was last updated on 9/22/2023 by MarketBeat.com Staff

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