AMN Healthcare Services Inc (NYSE:AMN) Receives $31.43 Consensus Price Target from Brokerages

Shares of AMN Healthcare Services Inc (NYSE:AMN) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.4286.

A number of equities research analysts recently issued reports on AMN shares. Wall Street Zen downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 25th. UBS Group upped their target price on AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research report on Friday, August 7th. Zacks Research downgraded AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th.

Insider Buying and Selling at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in AMN Healthcare Services by 1.5% during the first quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock worth $4,753,000 after purchasing an additional 2,784 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of AMN Healthcare Services by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock valued at $2,398,000 after purchasing an additional 34,465 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of AMN Healthcare Services during the 1st quarter worth $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AMN Healthcare Services by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after buying an additional 1,153 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of AMN Healthcare Services by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after buying an additional 51,737 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $33.80 on Wednesday. AMN Healthcare Services has a 52 week low of $14.97 and a 52 week high of $37.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50-day simple moving average is $33.80 and its 200 day simple moving average is $27.10. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 1.15 and a beta of 0.38.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that AMN Healthcare Services will post 3.32 earnings per share for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.