AMN Healthcare Services Inc (AMN) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of AMN Healthcare Services Inc (NYSE:AMN) from a hold rating to a buy rating in a research report released on Tuesday morning. Zacks Investment Research currently has $51.00 price objective on the stock.
According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “
A number of other equities analysts have also recently weighed in on AMN. ValuEngine raised shares of AMN Healthcare Services from a hold rating to a buy rating in a research note on Saturday, August 12th. BMO Capital Markets reiterated a buy rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a research report on Friday, September 1st. Finally, Wells Fargo & Company assumed coverage on shares of AMN Healthcare Services in a research report on Tuesday, June 27th. They issued an outperform rating and a $45.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. AMN Healthcare Services currently has a consensus rating of Buy and an average target price of $46.00.
AMN Healthcare Services (NYSE AMN) opened at 44.90 on Tuesday. The firm’s 50-day moving average is $39.82 and its 200 day moving average is $38.64. The stock has a market capitalization of $2.15 billion, a P/E ratio of 18.95 and a beta of 0.45. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $46.60.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, topping 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 business had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $489.79 million. During the same period in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts expect that AMN Healthcare Services will post $3.12 EPS for the current year.
In related news, insider Ralph Henderson sold 6,906 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total value of $317,676.00. Following the sale, the insider now directly owns 31,772 shares in the company, valued at approximately $1,461,512. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.49% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. boosted its position in shares of AMN Healthcare Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 11,736 shares of the company’s stock worth $458,000 after buying an additional 30 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of AMN Healthcare Services by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 6,312 shares of the company’s stock worth $246,000 after buying an additional 87 shares in the last quarter. Arizona State Retirement System boosted its position in shares of AMN Healthcare Services by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 24,996 shares of the company’s stock worth $976,000 after buying an additional 100 shares in the last quarter. Cipher Capital LP boosted its position in shares of AMN Healthcare Services by 0.6% in the 2nd quarter. Cipher Capital LP now owns 38,511 shares of the company’s stock worth $1,504,000 after buying an additional 237 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of AMN Healthcare Services by 3.1% in the 2nd quarter. Suntrust Banks Inc. now owns 9,353 shares of the company’s stock worth $364,000 after buying an additional 279 shares in the last quarter. Institutional investors and hedge funds 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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