AMN Healthcare Services Inc (AMN) Given Consensus Recommendation of “Buy” by Analysts
Shares of AMN Healthcare Services Inc (NYSE:AMN) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.00.
Several research firms have commented on AMN. ValuEngine raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. BMO Capital Markets reissued a “buy” rating and issued a $43.00 target price on shares of AMN Healthcare Services in a report on Friday, September 1st. Zacks Investment Research downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Wells Fargo & Company began coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 target price on the stock.
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Several large investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in shares of AMN Healthcare Services by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,736 shares of the company’s stock valued at $458,000 after purchasing an additional 30 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of AMN Healthcare Services by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 6,312 shares of the company’s stock valued at $246,000 after purchasing an additional 87 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of AMN Healthcare Services by 0.4% during the second quarter. Arizona State Retirement System now owns 24,996 shares of the company’s stock valued at $976,000 after purchasing an additional 100 shares in the last quarter. Cipher Capital LP lifted its holdings in shares of AMN Healthcare Services by 0.6% during the second quarter. Cipher Capital LP now owns 38,511 shares of the company’s stock valued at $1,504,000 after purchasing an additional 237 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in shares of AMN Healthcare Services by 3.1% during the second quarter. Suntrust Banks Inc. now owns 9,353 shares of the company’s stock valued at $364,000 after purchasing an additional 279 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
AMN Healthcare Services (AMN) traded up 1.16% during midday trading on Friday, reaching $39.25. The company had a trading volume of 643,792 shares. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $43.85. The stock has a market capitalization of $1.88 billion, a PE ratio of 16.56 and a beta of 0.47. The company has a 50-day moving average of $37.53 and a 200-day moving average of $38.50.
AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $489.79 million. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts predict that AMN Healthcare Services will post $3.12 EPS for the current fiscal year.
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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