AMN Healthcare Services Inc (AMN) Given Average Recommendation of “Buy” by Brokerages
Shares of AMN Healthcare Services Inc (NYSE:AMN) have received an average rating of “Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $45.80.
AMN has been the topic of a number of research reports. Zacks Investment Research raised AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, July 4th. ValuEngine raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Wells Fargo & Company initiated coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective on the stock.
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Shares of AMN Healthcare Services (NYSE:AMN) traded down 0.40% on Wednesday, hitting $37.60. 122,396 shares of the stock traded hands. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $43.85. The stock has a 50-day moving average price of $37.39 and a 200 day moving average price of $38.68. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 15.86 and a beta of 0.56.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. The firm had revenue of $489.80 million for the quarter, compared to analyst estimates of $489.79 million. During the same period in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts anticipate that AMN Healthcare Services will post $3.12 earnings per share for the current fiscal year.
In other news, Director Mark G. Foletta sold 1,500 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $36.71, for a total transaction of $55,065.00. Following the sale, the director now directly owns 6,025 shares of the company’s stock, valued at approximately $221,177.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. FNY Partners Fund LP bought a new stake in AMN Healthcare Services during the first quarter valued at about $101,000. Acrospire Investment Management LLC raised its stake in AMN Healthcare Services by 13.3% in the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after buying an additional 300 shares during the period. Meadow Creek Investment Management LLC bought a new stake in AMN Healthcare Services during the first quarter valued at about $104,000. Bank of Montreal Can bought a new stake in AMN Healthcare Services during the second quarter valued at about $105,000. Finally, SG Americas Securities LLC bought a new stake in AMN Healthcare Services during the first quarter valued at about $117,000.
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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