AMN Healthcare Services Inc (AMN) Upgraded to Buy at Zacks Investment Research
AMN Healthcare Services Inc (NYSE:AMN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $51.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 10.63% from the company’s previous close.
According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “
A number of other equities research analysts also recently issued reports on AMN. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. BMO Capital Markets reiterated a “buy” rating and set a $43.00 price objective on shares of AMN Healthcare Services in a research report on Friday, September 1st. Finally, Wells Fargo & Company began coverage on shares of AMN Healthcare Services in a research note on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 target price on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. AMN Healthcare Services has an average rating of “Buy” and an average target price of $46.00.
Shares of AMN Healthcare Services (NYSE AMN) traded up 1.65% during trading on Tuesday, hitting $46.10. 701,034 shares of the stock were exchanged. The firm has a 50 day moving average of $39.41 and a 200-day moving average of $38.56. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $46.25. The stock has a market cap of $2.21 billion, a PE ratio of 19.45 and a beta of 0.45.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $489.79 million. During the same period in the previous year, the firm posted $0.61 EPS. AMN Healthcare Services’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that AMN Healthcare Services will post $3.12 earnings per share for the current fiscal year.
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In other news, insider Ralph Henderson sold 6,906 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $46.00, for a total transaction of $317,676.00. Following the transaction, the insider now owns 31,772 shares in the company, valued at $1,461,512. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.49% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its holdings in AMN Healthcare Services by 13.3% in the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after purchasing an additional 300 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of AMN Healthcare Services during the first quarter valued at about $101,000. Bank of Montreal Can purchased a new stake in shares of AMN Healthcare Services during the second quarter valued at about $105,000. Riverhead Capital Management LLC lifted its position in shares of AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after buying an additional 1,363 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of AMN Healthcare Services in the 1st quarter valued at about $117,000. 99.95% of the stock is owned by institutional investors.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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