Benchmark Reiterates Buy Rating for AMN Healthcare Services (AMN)

Benchmark reaffirmed their buy rating on shares of AMN Healthcare Services (NYSE:AMN) in a report released on Monday, January 8th, MarketBeat.com reports. The brokerage currently has a $60.00 price target on the stock, up from their previous price target of $52.00.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of AMN Healthcare Services from a hold rating to a sell rating in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of AMN Healthcare Services from a hold rating to a buy rating in a research note on Sunday, December 31st. SunTrust Banks reiterated 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 issued a $56.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, December 7th. Finally, BMO Capital Markets reiterated a buy rating and issued a $48.00 price objective (up from $47.00) on shares of AMN Healthcare Services in a research note on Sunday, November 12th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $51.00.

AMN Healthcare Services (NYSE:AMN) opened at $49.30 on Monday. AMN Healthcare Services has a 1 year low of $33.61 and a 1 year high of $51.75. The stock has a market cap of $2,360.00, a PE ratio of 20.71 and a beta of 0.47. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.60.

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

In other AMN Healthcare Services news, insider Susan R. Salka sold 95,219 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $49.35, for a total value of $4,699,057.65. Following the completion of the sale, the insider now directly owns 222,168 shares of the company’s stock, valued at $10,963,990.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan R. Salka sold 74,456 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $41.86, for a total transaction of $3,116,728.16. Following the completion of the transaction, the insider now owns 256,561 shares in the company, valued at approximately $10,739,643.46. The disclosure for this sale can be found here. Insiders have sold a total of 231,240 shares of company stock valued at $10,807,611 over the last ninety days. 2.49% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its position in shares of AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after buying an additional 300 shares during the period. Bank of Montreal Can purchased a new position in shares of AMN Healthcare Services during the second quarter valued at about $105,000. Riverhead Capital Management LLC increased 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 period. Jaffetilchin Investment Partners LLC purchased a new position in shares of AMN Healthcare Services during the third quarter valued at about $217,000. Finally, SG Americas Securities LLC increased its position in shares of AMN Healthcare Services by 117.2% during the second quarter. SG Americas Securities LLC now owns 6,277 shares of the company’s stock valued at $245,000 after buying an additional 3,387 shares during the period.

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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.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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