ValuEngine upgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a buy rating in a report released on Sunday, December 31st.
Other equities analysts have also recently issued research reports about the stock. SunTrust Banks restated a buy rating and issued a $58.00 price objective on shares of AMN Healthcare Services in a research note on Friday, December 8th. KeyCorp reiterated a buy rating and set a $56.00 target price on shares of AMN Healthcare Services in a research report on Thursday, December 7th. BMO Capital Markets reiterated a buy rating and set a $48.00 target price (up previously from $47.00) on shares of AMN Healthcare Services in a research report on Sunday, November 12th. Credit Suisse Group assumed coverage on shares of AMN Healthcare Services in a research report on Tuesday, November 7th. They set an outperform rating and a $48.00 target price for the company. Finally, Robert W. Baird increased their target price on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $51.00.
Shares of AMN Healthcare Services (NYSE:AMN) opened at $49.00 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market cap of $2,350.00, a P/E ratio of 20.59 and a beta of 0.47. AMN Healthcare Services has a 1 year low of $33.61 and a 1 year high of $51.75.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The business had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. AMN Healthcare Services’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 EPS. sell-side analysts predict that AMN Healthcare Services will post 2.56 EPS for the current fiscal year.
In other news, insider Susan R. Salka sold 74,456 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $41.86, for a total value of $3,116,728.16. Following the sale, the insider now directly owns 256,561 shares in the company, valued at $10,739,643.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew M. Stern sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $42.89, for a total transaction of $428,900.00. Following the completion of the transaction, the director now directly owns 6,668 shares of the company’s stock, valued at $285,990.52. The disclosure for this sale can be found here. Insiders have sold a total of 136,021 shares of company stock worth $6,108,554 over the last 90 days. Corporate insiders own 2.49% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in AMN Healthcare Services by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock worth $62,281,000 after purchasing an additional 17,777 shares during the period. Fort L.P. bought a new stake in shares of AMN Healthcare Services in the third quarter valued at about $7,413,000. Macquarie Group Ltd. boosted its position in shares of AMN Healthcare Services by 47.6% in the second quarter. Macquarie Group Ltd. now owns 960,656 shares of the company’s stock valued at $37,514,000 after acquiring an additional 309,693 shares during the period. Third Avenue Management LLC boosted its position in shares of AMN Healthcare Services by 94.5% in the third quarter. Third Avenue Management LLC now owns 143,642 shares of the company’s stock valued at $6,565,000 after acquiring an additional 69,800 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of AMN Healthcare Services by 8.3% in the third quarter. Legal & General Group Plc now owns 98,523 shares of the company’s stock valued at $4,498,000 after acquiring an additional 7,541 shares during the period.
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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.
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