AMN Healthcare Services (AMN) Reaches New 1-Year High and Low Following Analyst Upgrade

AMN Healthcare Services, Inc. (NYSE:AMN) reached a new 52-week high and low during trading on Friday after SunTrust Banks raised their price target on the stock to $74.00. SunTrust Banks currently has a buy rating on the stock. AMN Healthcare Services traded as low as $67.30 and last traded at $66.93, with a volume of 214113 shares changing hands. The stock had previously closed at $66.80.

A number of other research analysts also recently issued reports on AMN. Jefferies Group reaffirmed a “buy” rating and issued a $71.00 price objective on shares of AMN Healthcare Services in a research report on Tuesday, April 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $64.00 price objective on shares of AMN Healthcare Services in a research report on Tuesday, April 10th. Benchmark lifted their price objective on shares of AMN Healthcare Services from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Lake Street Capital lifted their price objective on shares of AMN Healthcare Services to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, April 10th. Finally, BMO Capital Markets lifted their price objective on shares of AMN Healthcare Services from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 10th. Eleven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $64.20.

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In other news, CFO Brian M. Scott sold 6,366 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $55.15, for a total value of $351,084.90. Following the sale, the chief financial officer now directly owns 62,987 shares of the company’s stock, valued at approximately $3,473,733.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ralph Henderson sold 10,178 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $56.20, for a total transaction of $572,003.60. Following the completion of the sale, the insider now directly owns 37,574 shares in the company, valued at $2,111,658.80. The disclosure for this sale can be found here. Insiders sold a total of 36,616 shares of company stock worth $2,002,501 over the last ninety days. Insiders own 2.18% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of AMN Healthcare Services by 3.0% in the 4th quarter. BlackRock Inc. now owns 5,934,876 shares of the company’s stock valued at $292,292,000 after acquiring an additional 174,113 shares during the last quarter. Copper Rock Capital Partners LLC boosted its holdings in shares of AMN Healthcare Services by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 757,574 shares of the company’s stock valued at $37,614,000 after acquiring an additional 26,252 shares during the last quarter. Swiss National Bank boosted its holdings in shares of AMN Healthcare Services by 3.2% in the 4th quarter. Swiss National Bank now owns 81,700 shares of the company’s stock valued at $4,024,000 after acquiring an additional 2,500 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of AMN Healthcare Services by 52.1% in the 4th quarter. Alliancebernstein L.P. now owns 112,302 shares of the company’s stock valued at $5,531,000 after purchasing an additional 38,460 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of AMN Healthcare Services in the 4th quarter valued at $210,000.

The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $3,121.62, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.48 and a beta of 0.42.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 15th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. AMN Healthcare Services had a net margin of 6.67% and a return on equity of 24.26%. The firm had revenue of $509.10 million during the quarter, compared to analysts’ expectations of $501.64 million. During the same period in the previous year, the business posted $0.62 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. research analysts expect that AMN Healthcare Services, Inc. will post 3.4 EPS 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.

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