AMN Healthcare Services (NYSE:AMN) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other analysts have also recently weighed in on AMN. Robert W. Baird set a $36.00 price target on shares of AMN Healthcare Services in a report on Friday, August 7th. Citizens Jmp lifted their price objective on shares of AMN Healthcare Services from $40.00 to $51.00 and gave the stock a “market outperform” rating in a research report on Friday, November 6th. Bank of America reaffirmed an “underperform” rating on shares of AMN Healthcare Services in a research report on Friday, November 6th. Truist Financial boosted their price objective on shares of AMN Healthcare Services from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 9th. Finally, UBS Group increased their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.17.

AMN Healthcare Services Stock Up 1.7%

Shares of NYSE AMN traded up $0.63 during mid-day trading on Friday, reaching $38.05. 574,443 shares of the company were exchanged, compared to its average volume of 1,027,876. AMN Healthcare Services has a 1 year low of $14.97 and a 1 year high of $49.62. The firm has a 50-day moving average of $38.61 and a 200 day moving average of $29.51. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 5.03 and a beta of 0.42. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.96.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 5th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.93. The company had revenue of $717.27 million for the quarter, compared to analyst estimates of $649.55 million. AMN Healthcare Services had a return on equity of 23.42% and a net margin of 3.10%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. On average, research analysts expect that AMN Healthcare Services will post 3.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Heritage Family Offices LLP acquired a new stake in AMN Healthcare Services in the third quarter worth about $37,000. Versant Capital Management Inc grew its stake in shares of AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after acquiring an additional 345 shares during the last quarter. IFP Advisors Inc grew its stake in shares of AMN Healthcare Services by 849.6% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 1,147 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of AMN Healthcare Services during the second quarter valued at about $49,000. Finally, Fulcrum Asset Management LLP acquired a new position in shares of AMN Healthcare Services during the third quarter valued at about $56,000. 99.23% of the stock is owned by institutional investors and hedge funds.

About AMN Healthcare Services

AMN Healthcare Services, Inc. is a healthcare workforce solutions company that helps healthcare organizations recruit and manage clinical and nonclinical staff. Its clients include hospitals, health systems, physician groups and other care providers. The company’s services include temporary and permanent staffing for nurses, physicians and allied healthcare professionals; locum tenens staffing; and workforce management programs. AMN also provides language interpretation and related services, as well as technology and consulting solutions to support workforce planning and recruitment.