BMO Capital Markets Reaffirms “Buy” Rating for AMN Healthcare Services Inc (AMN)
BMO Capital Markets restated their buy rating on shares of AMN Healthcare Services Inc (NYSE:AMN) in a research note published on Sunday morning. They currently have a $48.00 target price on the stock, up from their prior target price of $47.00.
Several other equities analysts have also recently commented on AMN. Credit Suisse Group began coverage on shares of AMN Healthcare Services in a report on Tuesday, November 7th. They set an outperform rating and a $48.00 price target on the stock. ValuEngine upgraded shares of AMN Healthcare Services from a hold rating to a buy rating in a report on Saturday, August 12th. Zacks Investment Research cut shares of AMN Healthcare Services from a buy rating to a hold rating in a report on Wednesday, October 4th. Benchmark Co. restated a buy rating and set a $52.00 price target (up from $47.00) on shares of AMN Healthcare Services in a report on Wednesday, October 25th. Finally, Robert W. Baird upped their price objective on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the stock an outperform rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $47.13.
AMN Healthcare Services (AMN) opened at $43.25 on Friday. AMN Healthcare Services has a 52-week low of $30.80 and a 52-week high of $46.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $2,106.76, a P/E ratio of 17.29 and a beta of 0.41.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The firm had revenue of $494.41 million for the quarter, compared to analysts’ expectations of $493.89 million. During the same period in the previous year, the company posted $0.62 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. equities analysts anticipate that AMN Healthcare Services will post 2.57 earnings per share for the current year.
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In related news, Director Andrew M. Stern sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $42.89, for a total value of $428,900.00. Following the sale, the director now owns 6,668 shares of the company’s stock, valued at $285,990.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Susan R. Salka sold 74,456 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $41.86, for a total transaction of $3,116,728.16. Following the completion of the sale, the insider now directly owns 256,561 shares in the company, valued at approximately $10,739,643.46. The disclosure for this sale can be found here. In the last three months, insiders sold 91,362 shares of company stock worth $3,863,304. 2.49% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of AMN. Vanguard Group Inc. bought a new stake in AMN Healthcare Services during the first quarter worth about $172,667,000. State Street Corp bought a new stake in shares of AMN Healthcare Services during the first quarter valued at approximately $47,957,000. Hermes Investment Management Ltd. bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $41,404,000. Aberdeen Asset Management PLC UK bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $33,090,000. Finally, Wells Fargo & Company MN bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $26,920,000.
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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