AMN Healthcare Services, Inc. (AMN) Receives Consensus Rating of “Buy” from Analysts

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given a consensus recommendation of “Buy” by the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $51.00.

Several research analysts have recently weighed in on the company. SunTrust Banks restated a “buy” rating and set a $58.00 target price on shares of AMN Healthcare Services in a report on Friday, December 8th. Benchmark restated a “buy” rating and set a $60.00 target price (up from $52.00) on shares of AMN Healthcare Services in a report on Monday, January 8th. Zacks Investment Research cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, KeyCorp restated a “buy” rating and set a $56.00 target price on shares of AMN Healthcare Services in a report on Thursday, December 7th.

In related news, insider Susan R. Salka sold 74,456 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $41.86, for a total value of $3,116,728.16. Following the transaction, the insider now directly owns 256,561 shares in the company, valued at $10,739,643.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Weaver sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $50.27, for a total value of $502,700.00. Following the completion of the transaction, the director now owns 37,226 shares in the company, valued at $1,871,351.02. The disclosure for this sale can be found here. Insiders sold 231,240 shares of company stock worth $10,807,611 over the last quarter. 2.49% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in AMN Healthcare Services by 0.6% in the second quarter. BlackRock Inc. now owns 5,679,926 shares of the company’s stock valued at $221,802,000 after acquiring an additional 32,397 shares during the last quarter. Vanguard Group Inc. lifted its holdings in AMN Healthcare Services by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,289,538 shares of the company’s stock valued at $167,507,000 after acquiring an additional 36,632 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in AMN Healthcare Services by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,728,269 shares of the company’s stock valued at $78,981,000 after acquiring an additional 23,613 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in AMN Healthcare Services by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock valued at $62,281,000 after acquiring an additional 17,777 shares during the last quarter. Finally, State Street Corp lifted its holdings in AMN Healthcare Services by 4.8% in the second quarter. State Street Corp now owns 1,237,418 shares of the company’s stock valued at $48,321,000 after acquiring an additional 56,269 shares during the last quarter.

Shares of AMN Healthcare Services (NYSE:AMN) opened at $50.65 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60. AMN Healthcare Services has a twelve month low of $33.61 and a twelve month high of $51.75. The stock has a market capitalization of $2,400.00, a PE ratio of 21.28 and a beta of 0.47.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $494.41 million for the quarter, compared to analysts’ expectations of $493.89 million. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. equities research analysts anticipate that AMN Healthcare Services will post 2.56 earnings per share for the current year.

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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.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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