AMN Healthcare Services (AMN) Upgraded at ValuEngine
ValuEngine upgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a buy rating in a research report released on Sunday morning.
AMN has been the subject of several other reports. Zacks Investment Research raised AMN Healthcare Services from a hold rating to a buy rating and set a $51.00 price objective for the company in a research note on Tuesday, October 3rd. KeyCorp reissued a buy rating and issued a $56.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, December 7th. BMO Capital Markets reissued 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. SunTrust Banks reaffirmed a buy rating and issued a $58.00 target price on shares of AMN Healthcare Services in a research report on Friday, December 8th. Finally, Robert W. Baird upped their target price on AMN Healthcare Services from $41.00 to $43.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. AMN Healthcare Services presently has a consensus rating of Buy and an average price target of $50.11.
Shares of AMN Healthcare Services (NYSE AMN) opened at $49.60 on Friday. The stock has a market capitalization of $2,352.79, a PE ratio of 20.75 and a beta of 0.47. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.81 and a quick ratio of 1.81. AMN Healthcare Services has a one year low of $33.61 and a one year high of $51.75.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. analysts predict that AMN Healthcare Services will post 2.56 earnings per share for the current year.
In other AMN Healthcare Services news, insider Susan R. Salka sold 74,456 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $41.86, for a total value of $3,116,728.16. Following the transaction, the insider now directly owns 256,561 shares of the company’s stock, valued at approximately $10,739,643.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brian M. Scott sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $50.19, for a total value of $1,003,800.00. Following the completion of the transaction, the chief financial officer now directly owns 56,916 shares in the company, valued at $2,856,614.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,021 shares of company stock worth $6,108,554. Insiders own 2.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its holdings in shares of AMN Healthcare Services by 13.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after acquiring an additional 300 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of AMN Healthcare Services during the 2nd quarter valued at about $105,000. Riverhead Capital Management LLC increased its holdings in shares of AMN Healthcare Services by 85.2% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after acquiring an additional 1,363 shares during the last quarter. Jaffetilchin Investment Partners LLC acquired a new position in shares of AMN Healthcare Services during the 3rd quarter valued at about $217,000. Finally, SG Americas Securities LLC increased its holdings in shares of AMN Healthcare Services by 117.2% during the 2nd quarter. SG Americas Securities LLC now owns 6,277 shares of the company’s stock valued at $245,000 after acquiring an additional 3,387 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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