AMN Healthcare Services Inc (AMN) Stock Rating Lowered by ValuEngine
AMN Healthcare Services Inc (NYSE:AMN) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, July 4th. Wells Fargo & Company started 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 for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $44.83.
Shares of AMN Healthcare Services (AMN) opened at 37.10 on Friday. AMN Healthcare Services has a 1-year low of $26.00 and a 1-year high of $43.85. The firm has a market capitalization of $1.78 billion, a P/E ratio of 15.65 and a beta of 0.47. The stock’s 50 day moving average is $37.43 and its 200 day moving average is $38.68.
AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $489.80 million for the quarter, compared to the consensus estimate of $489.79 million. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts predict that AMN Healthcare Services will post $3.12 earnings per share for the current year.
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In related news, Director Mark G. Foletta sold 1,500 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total value of $55,065.00. Following the sale, the director now directly owns 6,025 shares of the company’s stock, valued at $221,177.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.49% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its position in AMN Healthcare Services by 0.3% in 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 in the last quarter. Pinebridge Investments L.P. increased its stake in AMN Healthcare Services by 1.4% in 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 last quarter. Arizona State Retirement System increased its stake in AMN Healthcare Services by 0.4% in 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 last quarter. Cipher Capital LP increased its stake in AMN Healthcare Services by 0.6% in 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 last quarter. Finally, Suntrust Banks Inc. increased its stake in AMN Healthcare Services by 3.1% in 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 last quarter.
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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