Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $57.60.
Several research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of AMN Healthcare Services to $59.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. KeyCorp reiterated a “buy” rating and set a $56.00 price target on shares of AMN Healthcare Services in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, February 21st. Lake Street Capital reiterated a “buy” rating and set a $61.00 price target (up previously from $50.00) on shares of AMN Healthcare Services in a research report on Friday, February 16th. Finally, ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of AMN Healthcare Services (NYSE:AMN) traded up $0.20 during midday trading on Friday, reaching $59.40. 154,501 shares of the company traded hands, compared to its average volume of 463,516. The firm has a market cap of $2,849.97, a P/E ratio of 22.12 and a beta of 0.47. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. AMN Healthcare Services has a 1-year low of $34.71 and a 1-year high of $60.10.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The business had revenue of $509.10 million for the quarter, compared to the consensus estimate of $501.64 million. AMN Healthcare Services had a net margin of 6.67% and a return on equity of 24.26%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. research analysts predict that AMN Healthcare Services will post 3.25 earnings per share for the current year.
In other AMN Healthcare Services news, CFO Brian M. Scott sold 3,634 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $55.03, for a total transaction of $199,979.02. Following the transaction, the chief financial officer now directly owns 78,062 shares in the company, valued at approximately $4,295,751.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ralph Henderson sold 10,178 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $56.20, for a total transaction of $572,003.60. Following the transaction, the insider now owns 37,574 shares in the company, valued at $2,111,658.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,835 shares of company stock worth $6,701,558. Corporate insiders own 2.18% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in AMN. Victory Capital Management Inc. lifted its position in AMN Healthcare Services by 29.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,021,463 shares of the company’s stock valued at $50,307,000 after purchasing an additional 231,101 shares during the period. Kestrel Investment Management Corp bought a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $9,897,000. BlackRock Inc. increased its stake 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. Fort L.P. bought a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $7,413,000. Finally, Wells Fargo & Company MN increased its stake in shares of AMN Healthcare Services by 23.2% in the 3rd quarter. Wells Fargo & Company MN now owns 849,157 shares of the company’s stock valued at $38,807,000 after acquiring an additional 159,777 shares during the last quarter.
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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.
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