AMN Healthcare Services Inc (AMN) Given Consensus Rating of “Buy” by Analysts
Shares of AMN Healthcare Services Inc (NYSE:AMN) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $45.00.
AMN has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a research report on Tuesday, June 27th. They set an “outperform” rating and a $45.00 price target for the company. Zacks Investment Research raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, July 4th. ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, BMO Capital Markets restated a “buy” rating and set a $43.00 price objective on shares of AMN Healthcare Services in a research note on Friday, September 1st.
AMN Healthcare Services (NYSE AMN) traded down 1.54% during midday trading on Thursday, hitting $41.60. 508,564 shares of the stock traded hands. AMN Healthcare Services has a 52 week low of $26.00 and a 52 week high of $46.60. The stock’s 50-day moving average price is $40.36 and its 200-day moving average price is $38.69. The stock has a market capitalization of $1.99 billion, a P/E ratio of 17.55 and a beta of 0.45.
AMN Healthcare Services (NYSE:AMN) last issued 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 during the quarter, compared to analysts’ expectations of $489.79 million. During the same period last year, the company posted $0.61 EPS. AMN Healthcare Services’s revenue was up 3.4% on a year-over-year basis. Equities research analysts expect that AMN Healthcare Services will post $3.12 EPS for the current fiscal year.
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In other AMN Healthcare Services news, insider Ralph Henderson sold 6,906 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the sale, the insider now directly owns 31,772 shares in the company, valued at approximately $1,461,512. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.49% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Morgan Stanley bought a new stake in shares of AMN Healthcare Services in the first quarter worth approximately $17,056,000. Vanguard Group Inc. bought a new stake in shares of AMN Healthcare Services in the first quarter worth approximately $172,667,000. Credit Suisse AG bought a new stake in shares of AMN Healthcare Services in the first quarter worth approximately $1,088,000. State Street Corp bought a new stake in shares of AMN Healthcare Services in the first quarter worth approximately $47,957,000. Finally, Alliancebernstein L.P. bought a new stake in shares of AMN Healthcare Services in the first quarter worth approximately $3,177,000.
AMN Healthcare Services Company Profile
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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