AMN Healthcare Services (AMN) Earns Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of AMN Healthcare Services (NYSE:AMN) in a report issued on Monday morning, MarketBeat Ratings reports. They currently have a $60.00 price objective on the stock, up from their prior price objective of $52.00.

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird boosted their price target on AMN Healthcare Services from $41.00 to $43.00 and gave the company an outperform rating in a report on Friday, November 3rd. Credit Suisse Group started coverage on AMN Healthcare Services in a report on Tuesday, November 7th. They issued an outperform rating and a $48.00 price target for the company. BMO Capital Markets reiterated a buy rating and issued a $48.00 price target (up from $47.00) on shares of AMN Healthcare Services in a report on Sunday, November 12th. Zacks Investment Research downgraded AMN Healthcare Services from a hold rating to a sell rating in a report on Tuesday, January 2nd. Finally, KeyCorp reiterated a buy rating and issued a $56.00 price target on shares of AMN Healthcare Services in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $51.00.

Shares of AMN Healthcare Services (AMN) traded up $0.65 during midday trading on Monday, hitting $49.80. The stock had a trading volume of 374,911 shares, compared to its average volume of 380,333. AMN Healthcare Services has a 1-year low of $33.61 and a 1-year high of $51.75. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60. The company has a market cap of $2,360.00, a P/E ratio of 20.92 and a beta of 0.47.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. The business had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. During the same period in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts forecast that AMN Healthcare Services will post 2.56 EPS for the current year.

In related news, Director Paul E. Weaver sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $50.27, for a total transaction of $502,700.00. Following the completion of the transaction, the director now directly owns 37,226 shares in the company, valued at approximately $1,871,351.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian M. Scott sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $50.19, for a total value of $1,003,800.00. Following the transaction, the chief financial officer now owns 56,916 shares of the company’s stock, valued at $2,856,614.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,021 shares of company stock valued at $6,108,554. 2.49% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AMN. National Investment Services Inc. WI grew its stake in shares of AMN Healthcare Services by 70.7% in the fourth quarter. National Investment Services Inc. WI now owns 10,093 shares of the company’s stock worth $497,000 after purchasing an additional 4,181 shares in the last quarter. Copper Rock Capital Partners LLC grew its stake in shares of AMN Healthcare Services by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 757,574 shares of the company’s stock worth $37,614,000 after purchasing an additional 26,252 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of AMN Healthcare Services by 14.1% in the third quarter. Public Employees Retirement System of Ohio now owns 94,137 shares of the company’s stock worth $4,302,000 after purchasing an additional 11,653 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of AMN Healthcare Services by 46.1% in the third quarter. California Public Employees Retirement System now owns 22,347 shares of the company’s stock worth $1,021,000 after purchasing an additional 7,047 shares in the last quarter. Finally, Simcoe Capital Management LLC grew its stake in shares of AMN Healthcare Services by 12.2% in the third quarter. Simcoe Capital Management LLC now owns 570,704 shares of the company’s stock worth $26,081,000 after purchasing an additional 62,120 shares in the last quarter.

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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.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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