AMN Healthcare Services Inc. (AHS) Given Average Rating of “Buy” by Brokerages
Shares of AMN Healthcare Services Inc. (NYSE:AHS) have been given a consensus rating of “Buy” by the seven research firms that are currently covering the stock. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.50.
A number of analysts have recently issued reports on the company. Lake Street Capital boosted their target price on AMN Healthcare Services from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, August 5th. BMO Capital Markets reiterated a “buy” rating and set a $47.00 target price on shares of AMN Healthcare Services in a report on Wednesday, September 7th. Finally, Zacks Investment Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 5th.
Shares of AMN Healthcare Services (NYSE:AHS) opened at 33.84 on Wednesday. AMN Healthcare Services has a 12-month low of $21.24 and a 12-month high of $44.99. The firm has a market cap of $1.63 billion, a PE ratio of 15.68 and a beta of 0.85. The firm’s 50-day moving average is $33.97 and its 200-day moving average is $37.04.
AMN Healthcare Services (NYSE:AHS) last issued its earnings results on Thursday, August 4th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.08. AMN Healthcare Services had a return on equity of 29.27% and a net margin of 6.14%. The business earned $473.70 million during the quarter, compared to analysts’ expectations of $455.14 million. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. Equities analysts expect that AMN Healthcare Services will post $2.29 earnings per share for the current fiscal year.
In other news, insider Susan R. Salka sold 30,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $44.00, for a total transaction of $1,320,000.00. Following the completion of the transaction, the insider now directly owns 288,688 shares in the company, valued at approximately $12,702,272. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $140,000. Tower Research Capital LLC TRC acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $190,000. Meeder Asset Management Inc. boosted its position in AMN Healthcare Services by 12.7% in the second quarter. Meeder Asset Management Inc. now owns 4,758 shares of the company’s stock valued at $191,000 after buying an additional 536 shares during the period. Parametrica Management Ltd acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $202,000. Finally, Intrust Bank NA acquired a new position in AMN Healthcare Services during the second quarter valued at approximately $208,000. Institutional investors own 97.12% of the company’s stock.
About AMN Healthcare Services
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.
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