AMN Healthcare Services (AMN) PT Raised to $60.00

AMN Healthcare Services (NYSE:AMN) had its price objective lifted by Robert W. Baird from $43.00 to $60.00 in a research note issued on Friday. The brokerage currently has a “positive” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 6.19% from the company’s current price.

Several other equities research analysts have also commented on AMN. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Jefferies Group began coverage on AMN Healthcare Services in a research note on Thursday, February 1st. They set a “buy” rating and a $66.00 price target for the company. Benchmark restated a “buy” rating and set a $52.00 price target (up from $47.00) on shares of AMN Healthcare Services in a research note on Wednesday, October 25th. KeyCorp began coverage on AMN Healthcare Services in a research note on Friday, November 17th. They set an “overweight” rating and a $50.00 price target for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $54.00 price target on shares of AMN Healthcare Services in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. AMN Healthcare Services currently has an average rating of “Buy” and an average price target of $56.40.

Shares of AMN Healthcare Services (AMN) opened at $56.50 on Friday. The company has a market capitalization of $2,700.00, a PE ratio of 14.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.81 and a current ratio of 1.81. AMN Healthcare Services has a 12 month low of $34.71 and a 12 month high of $57.75.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.63 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $509.10 million during the quarter, compared to analyst estimates of $501.64 million. AMN Healthcare Services had a return on equity of 24.94% and a net margin of 6.67%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. sell-side analysts anticipate that AMN Healthcare Services will post 2.87 EPS for the current fiscal year.

In other news, insider Susan R. Salka sold 95,219 shares of the stock in a transaction dated Friday, January 12th. The stock was 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 owns 222,168 shares in the company, valued at $10,963,990.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ralph Henderson sold 8,219 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $55.00, for a total value of $452,045.00. Following the completion of the sale, the insider now owns 21,833 shares of the company’s stock, valued at approximately $1,200,815. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,588 shares of company stock valued at $8,492,501. Insiders own 2.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of AMN. Raymond James Financial Services Advisors Inc. purchased a new position in AMN Healthcare Services in the fourth quarter valued at about $206,000. Creative Planning purchased a new position in AMN Healthcare Services in the fourth quarter valued at about $209,000. M&T Bank Corp purchased a new position in AMN Healthcare Services in the fourth quarter valued at about $210,000. Shelton Capital Management purchased a new position in AMN Healthcare Services in the fourth quarter valued at about $212,000. Finally, Polen Capital Management LLC purchased a new position in AMN Healthcare Services in the fourth quarter valued at about $223,000.

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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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