AMN Healthcare Services Inc (NYSE:AMN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $51.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.86% from the stock’s current price.

According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “

Several other analysts also recently issued reports on AMN. Wells Fargo & Company started coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price target on the stock. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $43.00 price target on shares of AMN Healthcare Services in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.00.

Shares of AMN Healthcare Services (NYSE:AMN) opened at 44.40 on Tuesday. The firm has a 50-day moving average of $39.62 and a 200-day moving average of $38.60. The firm has a market cap of $2.13 billion, a P/E ratio of 18.73 and a beta of 0.45. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $46.60.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $489.79 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that AMN Healthcare Services will post $3.12 earnings per share for the current fiscal year.

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In other AMN Healthcare Services news, insider Ralph Henderson sold 6,906 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total value of $317,676.00. Following the sale, the insider now owns 31,772 shares of the company’s stock, valued at $1,461,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.49% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its stake in shares of AMN Healthcare Services by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,736 shares of the company’s stock valued at $458,000 after buying an additional 30 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of AMN Healthcare Services by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 6,312 shares of the company’s stock valued at $246,000 after buying an additional 87 shares during the period. Arizona State Retirement System lifted its stake in shares of AMN Healthcare Services by 0.4% during the second quarter. Arizona State Retirement System now owns 24,996 shares of the company’s stock valued at $976,000 after buying an additional 100 shares during the period. Cipher Capital LP lifted its stake in shares of AMN Healthcare Services by 0.6% during the second quarter. Cipher Capital LP now owns 38,511 shares of the company’s stock valued at $1,504,000 after buying an additional 237 shares during the period. Finally, Suntrust Banks Inc. lifted its stake in shares of AMN Healthcare Services by 3.1% during the second quarter. Suntrust Banks Inc. now owns 9,353 shares of the company’s stock valued at $364,000 after buying an additional 279 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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