Brokerages Set AMN Healthcare Services, Inc. (AMN) Price Target at $46.00
Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received an average rating of “Buy” from the seven brokerages that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $46.00.
AMN has been the subject of several recent research reports. Zacks Investment Research upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Benchmark Co. initiated coverage on AMN Healthcare Services in a research note on Friday, January 20th. They issued a “buy” rating and a $46.00 price objective for the company. Avondale Partners cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating and set a $40.00 price objective for the company. in a research note on Tuesday, January 24th. Finally, Lake Street Capital initiated coverage on AMN Healthcare Services in a research note on Wednesday, February 15th. They issued a “buy” rating and a $50.00 price objective for the company.
In other news, General Counsel Denise L. Jackson sold 10,457 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $41.55, for a total transaction of $434,488.35. Following the sale, the general counsel now owns 42,652 shares of the company’s stock, valued at approximately $1,772,190.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ralph Henderson sold 3,655 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $42.06, for a total value of $153,729.30. Following the sale, the insider now directly owns 45,582 shares in the company, valued at approximately $1,917,178.92. The disclosure for this sale can be found here. Insiders have sold a total of 64,100 shares of company stock worth $2,645,934 in the last three months. Corporate insiders own 2.60% of the company’s stock.
Shares of AMN Healthcare Services (NYSE:AMN) traded up 0.99% during mid-day trading on Tuesday, hitting $41.00. 546,098 shares of the stock were exchanged. The company has a 50-day moving average price of $40.50 and a 200-day moving average price of $36.94. AMN Healthcare Services has a 12 month low of $26.00 and a 12 month high of $44.99. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 19.07 and a beta of 0.63.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 16th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. The business earned $487.90 million during the quarter, compared to analysts’ expectations of $146.47 million. AMN Healthcare Services had a return on equity of 29.12% and a net margin of 5.48%. The company’s revenue was up 21.2% compared to the same quarter last year. Equities analysts expect that AMN Healthcare Services will post $3.12 earnings per share for the current year.
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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