AMN Healthcare Services, Inc. (NYSE:AMN) has been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $62.00.
A number of equities research analysts have issued reports on AMN shares. SunTrust Banks boosted their target price on shares of AMN Healthcare Services to $74.00 and gave the company a “buy” rating in a report on Friday, April 20th. Credit Suisse Group boosted their target price on shares of AMN Healthcare Services from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, April 10th. BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $59.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, March 22nd. They noted that the move was a valuation call. Robert W. Baird cut shares of AMN Healthcare Services from an “outperform” rating to a “neutral” rating and set a $43.00 target price on the stock. in a report on Friday, May 4th. Finally, Lake Street Capital boosted their target price on shares of AMN Healthcare Services to $70.00 and gave the company a “buy” rating in a report on Tuesday, April 10th.
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In other news, insider Denise L. Jackson sold 4,000 shares of the company’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $58.73, for a total value of $234,920.00. Following the transaction, the insider now owns 22,952 shares of the company’s stock, valued at $1,347,970.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian M. Scott sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,365 shares in the company, valued at approximately $3,331,735.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,021 shares of company stock worth $4,959,053. Insiders own 2.18% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AMN Healthcare Services by 35.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock worth $180,000 after purchasing an additional 836 shares during the period. US Bancorp DE grew its position in AMN Healthcare Services by 3.1% in the first quarter. US Bancorp DE now owns 34,872 shares of the company’s stock worth $1,980,000 after acquiring an additional 1,034 shares in the last quarter. Advisor Group Inc. grew its position in AMN Healthcare Services by 29.3% in the fourth quarter. Advisor Group Inc. now owns 6,331 shares of the company’s stock worth $311,000 after acquiring an additional 1,434 shares in the last quarter. Comerica Bank grew its position in AMN Healthcare Services by 3.1% in the first quarter. Comerica Bank now owns 51,555 shares of the company’s stock worth $3,444,000 after acquiring an additional 1,533 shares in the last quarter. Finally, First National Bank of Omaha grew its position in AMN Healthcare Services by 0.8% in the first quarter. First National Bank of Omaha now owns 220,099 shares of the company’s stock worth $12,490,000 after acquiring an additional 1,646 shares in the last quarter.
Shares of NYSE:AMN traded down $0.45 during mid-day trading on Tuesday, reaching $60.80. The company had a trading volume of 694,229 shares, compared to its average volume of 366,940. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.93 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.45 and a beta of 0.38. AMN Healthcare Services has a one year low of $34.85 and a one year high of $68.20.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. AMN Healthcare Services had a net margin of 7.11% and a return on equity of 24.50%. The company had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $518.97 million. During the same quarter in the previous year, the firm posted $0.65 EPS. AMN Healthcare Services’s revenue was up 5.5% on a year-over-year basis. research analysts predict that AMN Healthcare Services will post 3.26 earnings per share for the current year.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.
