ValuEngine upgraded shares of AMN Healthcare Services Inc (NYSE:AMN) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently commented on AMN. Zacks Investment Research cut shares of AMN Healthcare Services from a buy rating to a hold rating in a research note on Wednesday, July 5th. Wells Fargo & Company began coverage on shares of AMN Healthcare Services in a research note on Tuesday, June 27th. They issued an outperform rating and a $45.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. AMN Healthcare Services presently has an average rating of Buy and a consensus price target of $45.50.

AMN Healthcare Services (NYSE AMN) opened at 37.10 on Friday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 15.65 and a beta of 0.56. The stock has a 50 day moving average of $37.44 and a 200 day moving average of $38.61. AMN Healthcare Services has a 1-year low of $26.00 and a 1-year high of $43.85.

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

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In other AMN Healthcare Services news, Director Mark G. Foletta sold 1,500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total value of $55,065.00. Following the transaction, the director now directly owns 6,025 shares in the company, valued at approximately $221,177.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.49% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its position in AMN Healthcare Services by 13.3% in the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after buying an additional 300 shares during the period. FNY Partners Fund LP purchased a new position in AMN Healthcare Services during the first quarter worth about $101,000. Meadow Creek Investment Management LLC purchased a new position in AMN Healthcare Services during the first quarter worth about $104,000. Bank of Montreal Can purchased a new position in AMN Healthcare Services during the second quarter worth about $105,000. Finally, Riverhead Capital Management LLC raised its position in AMN Healthcare Services by 85.2% in the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after buying an additional 1,363 shares during the period. Institutional investors own 99.95% of the company’s stock.

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.

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Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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