AMN Healthcare Services Inc. (AHS) Given Average Recommendation of “Buy” by Analysts
Shares of AMN Healthcare Services Inc. (NYSE:AHS) have been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $46.50.
Several equities research analysts recently issued reports on the company. Lake Street Capital lifted their price objective on AMN Healthcare Services from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Zacks Investment Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 5th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $47.00 price objective on shares of AMN Healthcare Services in a report on Wednesday, September 7th.
AMN Healthcare Services (NYSE:AHS) traded up 1.04% on Wednesday, hitting $32.88. The stock had a trading volume of 206,195 shares. AMN Healthcare Services has a 12 month low of $21.24 and a 12 month high of $44.99. The stock has a market cap of $1.58 billion, a PE ratio of 15.24 and a beta of 0.85. The firm’s 50 day moving average price is $34.17 and its 200-day moving average price is $37.07.
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AMN Healthcare Services (NYSE:AHS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.08. AMN Healthcare Services had a return on equity of 29.27% and a net margin of 6.14%. The company had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $455.14 million. During the same period in the previous year, the firm posted $0.38 EPS. AMN Healthcare Services’s revenue was up 35.3% compared to the same quarter last year. On average, analysts forecast that AMN Healthcare Services will post $2.29 EPS for the current year.
In other AMN Healthcare Services news, insider Susan R. Salka sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $44.00, for a total value of $1,320,000.00. Following the transaction, the insider now directly owns 288,688 shares of the company’s stock, valued at approximately $12,702,272. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHS. Advisor Group Inc. acquired a new position in AMN Healthcare Services during the second quarter worth $140,000. Tower Research Capital LLC TRC purchased a new stake in AMN Healthcare Services during the second quarter valued at approximately $190,000. Meeder Asset Management Inc. raised its stake in AMN Healthcare Services by 12.7% in the second quarter. Meeder Asset Management Inc. now owns 4,758 shares of the company’s stock valued at $191,000 after buying an additional 536 shares during the last quarter. Parametrica Management Ltd purchased a new stake in AMN Healthcare Services during the second quarter valued at approximately $202,000. Finally, Intrust Bank NA purchased a new stake in AMN Healthcare Services during the second quarter valued at approximately $208,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.
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