AMN Healthcare Services (NYSE:AMN – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Other research analysts also recently issued research reports about the stock. Jefferies Financial Group increased their price objective on shares of AMN Healthcare Services from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, February 18th. Benchmark increased their price target on shares of AMN Healthcare Services from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, February 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AMN Healthcare Services currently has an average rating of “Buy” and a consensus target price of $141.20.
Shares of AMN opened at $91.75 on Thursday. The stock has a market cap of $4.10 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 7.74 and a beta of 0.36. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.29 and a current ratio of 1.29. AMN Healthcare Services has a fifty-two week low of $82.75 and a fifty-two week high of $129.12. The firm’s 50-day simple moving average is $99.06 and its two-hundred day simple moving average is $105.15.
AMN Healthcare Services (NYSE:AMN – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.25 by $0.24. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. AMN Healthcare Services had a net margin of 8.67% and a return on equity of 44.09%. The business’s revenue was up 71.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.70 earnings per share. Equities research analysts predict that AMN Healthcare Services will post 10.13 EPS for the current year.
In other AMN Healthcare Services news, CFO Jeffrey R. Knudson bought 5,360 shares of the business’s stock in a transaction on Friday, March 11th. The shares were acquired at an average price of $93.30 per share, with a total value of $500,088.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Susan R. Salka sold 22,475 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $107.12, for a total transaction of $2,407,522.00. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of AMN Healthcare Services by 6.1% during the first quarter. FMR LLC now owns 256,084 shares of the company’s stock worth $12,059,000 after buying an additional 14,801 shares in the last quarter. First Trust Advisors LP lifted its position in AMN Healthcare Services by 111.3% in the first quarter. First Trust Advisors LP now owns 67,437 shares of the company’s stock valued at $3,176,000 after buying an additional 35,522 shares during the last quarter. California Public Employees Retirement System lifted its position in AMN Healthcare Services by 0.5% in the third quarter. California Public Employees Retirement System now owns 108,165 shares of the company’s stock valued at $12,412,000 after buying an additional 564 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of AMN Healthcare Services by 5.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 2,468 shares of the company’s stock worth $283,000 after purchasing an additional 126 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AMN Healthcare Services by 0.8% during the third quarter. Geode Capital Management LLC now owns 776,055 shares of the company’s stock worth $89,052,000 after purchasing an additional 5,781 shares in the last quarter. Institutional investors and hedge funds own 94.70% of the company’s stock.
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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