AMN Healthcare Services Inc (AMN) Given “Buy” Rating at BMO Capital Markets
AMN Healthcare Services Inc (NYSE:AMN)‘s stock had its “buy” rating reiterated by equities researchers at BMO Capital Markets in a report released on Friday. They currently have a $43.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 15.90% from the stock’s current price.
Several other brokerages have also weighed in on AMN. 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 for the company. Zacks Investment Research raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.83.
AMN Healthcare Services (NYSE AMN) opened at 37.10 on Friday. AMN Healthcare Services has a 1-year low of $26.00 and a 1-year high of $43.85. The company’s 50-day moving average price is $37.43 and its 200-day moving average price is $38.68. The stock has a market cap of $1.78 billion, a P/E ratio of 15.65 and a beta of 0.56.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $489.79 million. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. AMN Healthcare Services’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share. Analysts predict that AMN Healthcare Services will post $3.12 EPS for the current year.
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In other news, Director Mark G. Foletta sold 1,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 6,025 shares of the company’s stock, valued at $221,177.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.49% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. bought a new position in AMN Healthcare Services during the first quarter valued at approximately $587,000. LSV Asset Management bought a new position in AMN Healthcare Services during the first quarter valued at approximately $13,495,000. Chicago Equity Partners LLC bought a new position in AMN Healthcare Services during the first quarter valued at approximately $557,000. State Board of Administration of Florida Retirement System bought a new position in AMN Healthcare Services during the first quarter valued at approximately $1,741,000. Finally, First Trust Advisors LP bought a new position in AMN Healthcare Services during the first quarter valued at approximately $2,543,000.
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.
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