AMN Healthcare Services (AMN) Rating Increased to Hold at Zacks Investment Research
AMN Healthcare Services (NYSE:AMN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.
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. “
Several other research firms have also commented on AMN. Robert W. Baird lowered AMN Healthcare Services from an “outperform” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Friday, May 4th. BMO Capital Markets reiterated a “buy” rating and set a $67.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, July 12th. Lake Street Capital cut their price objective on AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $68.00 price objective on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Finally, ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, May 12th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $65.11.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. AMN Healthcare Services had a return on equity of 23.75% and a net margin of 7.08%. The company had revenue of $558.10 million during the quarter, compared to analyst estimates of $533.99 million. During the same period in the previous year, the business earned $0.67 EPS. AMN Healthcare Services’s quarterly revenue was up 13.9% on a year-over-year basis. equities research analysts forecast that AMN Healthcare Services will post 3.21 earnings per share for the current year.
In other news, CFO Brian M. Scott sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $58.58, for a total value of $732,250.00. Following the completion of the sale, the chief financial officer now directly owns 56,365 shares in the company, valued at $3,301,861.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian M. Scott sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $59.11, for a total value of $1,182,200.00. Following the completion of the sale, the chief financial officer now owns 56,365 shares of the company’s stock, valued at $3,331,735.15. The disclosure for this sale can be found here. 2.18% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of AMN. Hennessy Advisors Inc. acquired a new position in AMN Healthcare Services in the first quarter valued at approximately $3,955,000. Rhumbline Advisers lifted its holdings in AMN Healthcare Services by 2.1% in the first quarter. Rhumbline Advisers now owns 110,509 shares of the company’s stock valued at $6,271,000 after acquiring an additional 2,247 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in AMN Healthcare Services by 6.2% in the first quarter. Dupont Capital Management Corp now owns 58,472 shares of the company’s stock valued at $3,318,000 after acquiring an additional 3,409 shares during the last quarter. West Branch Capital LLC acquired a new position in AMN Healthcare Services in the first quarter valued at approximately $324,000. Finally, Comerica Bank lifted its holdings in AMN Healthcare Services by 3.1% in the first quarter. Comerica Bank now owns 51,555 shares of the company’s stock valued at $3,444,000 after acquiring an additional 1,533 shares during the last quarter.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.
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