AMN Healthcare Services Inc (NYSE:AMN) Stock Rated “Moderate Buy” by Sell-Side Analysts

AMN Healthcare Services Inc (NYSE:AMN) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $36.50.

Several research analysts have issued reports on AMN shares. BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Citizens Jmp upped their price target on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, August 14th. Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 25th.

AMN Healthcare Services Trading Up 2.1%

Shares of NYSE AMN opened at $49.04 on Thursday. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $49.59. The firm has a market cap of $1.90 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.65 and a beta of 0.40. The business has a fifty day simple moving average of $36.23 and a two-hundred day simple moving average of $27.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58. The business had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. Analysts expect that AMN Healthcare Services will post 3.32 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

A number of hedge funds have recently bought and sold shares of AMN. Nisa Investment Advisors LLC boosted its position in AMN Healthcare Services by 40.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,407 shares of the company’s stock valued at $194,000 after purchasing an additional 1,555 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at about $2,050,000. Argent Capital Management LLC purchased a new position in shares of AMN Healthcare Services in the 3rd quarter worth approximately $690,000. Tidal Investments LLC acquired a new stake in AMN Healthcare Services in the second quarter valued at approximately $2,301,000. Finally, Integrated Wealth Concepts LLC purchased a new position in AMN Healthcare Services in the second quarter worth $49,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.