AMN Healthcare Services (AMN) Sets New 12-Month High and Low at $67.00

AMN Healthcare Services, Inc. (NYSE:AMN) shares reached a new 52-week high and low during trading on Thursday . The stock traded as low as $67.00 and last traded at $66.80, with a volume of 484572 shares changing hands. The stock had previously closed at $65.50.

Several research firms have commented on AMN. Lake Street Capital raised their price objective on AMN Healthcare Services to $70.00 and gave the company a “buy” rating in a research report on Tuesday, April 10th. BMO Capital Markets raised their price objective on AMN Healthcare Services from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, April 10th. Jefferies Group reissued 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 reissued a “buy” rating and issued a $64.00 price objective on shares of AMN Healthcare Services in a research report on Tuesday, April 10th. Finally, Benchmark raised their price objective on AMN Healthcare Services from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, April 10th. Eleven investment analysts have rated the stock with a buy rating, AMN Healthcare Services presently has a consensus rating of “Buy” and a consensus target price of $62.60.

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The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $3,100.18, a price-to-earnings ratio of 26.09, a PEG ratio of 1.47 and a beta of 0.42.

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

In related news, CFO Brian M. Scott sold 3,634 shares of AMN Healthcare Services stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.03, for a total value of $199,979.02. Following the completion of the transaction, the chief financial officer now directly owns 78,062 shares in the company, valued at $4,295,751.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ralph Henderson sold 8,219 shares of AMN Healthcare Services stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.00, for a total value of $427,388.00. Following the completion of the transaction, the insider now owns 30,052 shares of the company’s stock, valued at $1,562,704. The disclosure for this sale can be found here. Insiders have sold 36,616 shares of company stock valued at $2,002,501 over the last 90 days. Insiders own 2.18% of the company’s stock.

A number of large investors have recently bought and sold shares of AMN. Raymond James Financial Services Advisors Inc. acquired a new position in AMN Healthcare Services in the fourth quarter worth about $206,000. Creative Planning acquired a new position in AMN Healthcare Services in the fourth quarter worth about $209,000. M&T Bank Corp acquired a new position in AMN Healthcare Services in the fourth quarter worth about $210,000. Shelton Capital Management acquired a new position in AMN Healthcare Services in the fourth quarter worth about $212,000. Finally, Polen Capital Management LLC acquired a new position in AMN Healthcare Services in the fourth quarter worth about $223,000.

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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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