AMN Healthcare Services Inc (NYSE:AMN) had its target price boosted by Robert W. Baird from $41.00 to $43.00 in a research note released on Friday morning. The firm currently has an outperform rating on the stock.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of AMN Healthcare Services from a hold rating to a buy rating and set a $51.00 price objective for the company in a research note on Tuesday, October 3rd. ValuEngine cut shares of AMN Healthcare Services from a buy rating to a hold rating in a research note on Friday, September 1st. BMO Capital Markets reaffirmed a buy rating and set a $43.00 price objective on shares of AMN Healthcare Services in a research note on Friday, September 1st. Finally, Benchmark Co. reissued a buy rating and issued a $52.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. AMN Healthcare Services presently has an average rating of Buy and an average target price of $46.29.
Shares of AMN Healthcare Services (AMN) traded down $0.15 during midday trading on Friday, reaching $40.95. 61,739 shares of the company traded hands, compared to its average volume of 554,688. The company has a market cap of $1,963.44, a PE ratio of 16.12 and a beta of 0.41. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.66 and a current ratio of 1.81.
AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $493.89 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. analysts predict that AMN Healthcare Services will post 2.57 EPS for the current year.
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In other AMN Healthcare Services news, insider Ralph Henderson sold 6,906 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction 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 document filed with the SEC, which is available through this link. 2.49% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC raised its holdings in shares of AMN Healthcare Services by 13.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after purchasing an additional 300 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $105,000. Riverhead Capital Management LLC raised its holdings in shares of AMN Healthcare Services by 85.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after purchasing an additional 1,363 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of AMN Healthcare Services in the 1st quarter valued at $117,000. Finally, Creative Planning acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $155,000.
About AMN Healthcare Services
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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