AMN Healthcare Services, Inc. (NYSE:AMN) Receives Consensus Recommendation of “Buy” from Brokerages


AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) has been assigned an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $141.20.

Several equities analysts have recently commented on AMN shares. Benchmark boosted their target price on shares of AMN Healthcare Services from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, February 18th. StockNews.com cut AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 26th. Finally, Jefferies Financial Group lifted their price target on AMN Healthcare Services from $140.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, February 18th.

In other AMN Healthcare Services news, insider Mark Christopher Hagan sold 1,400 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $97.53, for a total value of $136,542.00. Following the completion of the transaction, the insider now owns 13,345 shares of the company’s stock, valued at approximately $1,301,537.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC lifted its stake in shares of AMN Healthcare Services by 1.6% in the first quarter. Transcend Capital Advisors LLC now owns 5,887 shares of the company’s stock worth $614,000 after acquiring an additional 92 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of AMN Healthcare Services by 4.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,566 shares of the company’s stock worth $314,000 after purchasing an additional 98 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of AMN Healthcare Services by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $2,801,000 after purchasing an additional 100 shares during the last quarter. We Are One Seven LLC increased its position in shares of AMN Healthcare Services by 5.0% during the fourth quarter. We Are One Seven LLC now owns 2,274 shares of the company’s stock worth $278,000 after buying an additional 109 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in AMN Healthcare Services by 0.6% during the first quarter. Maryland State Retirement & Pension System now owns 18,957 shares of the company’s stock worth $1,978,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

NYSE AMN opened at $97.44 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.78. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 8.64 and a beta of 0.36. The company has a 50 day moving average of $97.31 and a 200-day moving average of $103.74. AMN Healthcare Services has a 1-year low of $82.75 and a 1-year high of $129.12.

AMN Healthcare Services (NYSE:AMN – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.25 by $0.24. AMN Healthcare Services had a return on equity of 44.09% and a net margin of 8.67%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue was up 71.8% compared to the same quarter last year. On average, equities research analysts forecast that AMN Healthcare Services will post 10.46 earnings per share for the current year.

AMN Healthcare Services Company Profile (Get Rating)

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.

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