AMN Healthcare Services (NYSE:AMN) Sets New 12-Month High – Should You Buy?

AMN Healthcare Services Inc (NYSE:AMN)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as $38.44 and last traded at $37.3550, with a volume of 90525 shares trading hands. The stock had previously closed at $36.84.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMN. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research note on Friday, August 7th. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, September 11th. Truist Financial upped their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, UBS Group lifted their price target on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

AMN Healthcare Services Price Performance

The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.26 and a beta of 0.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day simple moving average of $34.36 and a 200-day simple moving average of $29.64.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm had revenue of $673.24 million during the quarter, compared to analyst estimates of $628.39 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that AMN Healthcare Services Inc will post 3.32 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors have recently made changes to their positions in the stock. Argent Capital Management LLC purchased a new stake in AMN Healthcare Services during the 3rd quarter worth about $690,000. Tidal Investments LLC purchased a new stake in shares of AMN Healthcare Services in the second quarter worth about $2,301,000. Integrated Wealth Concepts LLC bought a new position in shares of AMN Healthcare Services in the second quarter valued at approximately $49,000. IFP Advisors Inc grew its stake in AMN Healthcare Services by 849.6% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $41,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in AMN Healthcare Services by 298.2% during the 2nd quarter. Allworth Financial LP now owns 1,995 shares of the company’s stock worth $65,000 after acquiring an additional 1,494 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a healthcare workforce solutions company that helps hospitals, health systems and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company serves healthcare providers primarily in the United States.

Its services include temporary and permanent placement of nurses and allied healthcare professionals, locum tenens staffing for physicians and advanced practice providers, and recruitment and workforce consulting.