AMN Healthcare Services’ (AMN) “Buy” Rating Reaffirmed at KeyCorp

AMN Healthcare Services (NYSE:AMN)‘s stock had its “buy” rating reissued by equities researchers at KeyCorp in a report released on Thursday. They presently have a $56.00 target price on the stock. KeyCorp’s price objective points to a potential upside of 14.05% from the company’s previous close.

AMN has been the topic of several other reports. Zacks Investment Research raised AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Tuesday, October 3rd. ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and set a $48.00 price objective (up from $47.00) on shares of AMN Healthcare Services in a research note on Sunday, November 12th. Robert W. Baird boosted their price objective on AMN Healthcare Services from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Benchmark reissued a “buy” rating and set a $52.00 price objective (up from $47.00) on shares of AMN Healthcare Services in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.13.

Shares of AMN Healthcare Services (AMN) traded down $0.20 during mid-day trading on Thursday, hitting $49.10. The stock had a trading volume of 318,500 shares, compared to its average volume of 561,204. 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 capitalization of $2,355.18, a PE ratio of 19.33 and a beta of 0.47.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $494.41 million for the quarter, compared to analysts’ expectations of $493.89 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter 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 fiscal year.

In other AMN Healthcare Services news, Director Andrew M. Stern sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $42.89, for a total transaction of $428,900.00. Following the completion of the transaction, the director now owns 6,668 shares in the company, valued at $285,990.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan R. Salka sold 74,456 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $41.86, for a total value of $3,116,728.16. Following the transaction, the insider now owns 256,561 shares of the company’s stock, valued at approximately $10,739,643.46. The disclosure for this sale can be found here. Insiders have sold 139,134 shares of company stock valued at $6,235,707 in the last 90 days. Company insiders own 2.49% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Acrospire Investment Management LLC lifted its holdings in AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after buying an additional 300 shares during the period. Bank of Montreal Can acquired a new position in shares of AMN Healthcare Services during the second quarter worth $105,000. Riverhead Capital Management LLC increased its position in shares of AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after purchasing an additional 1,363 shares in the last quarter. Creative Planning acquired a new position in shares of AMN Healthcare Services during the second quarter worth $155,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of AMN Healthcare Services during the third quarter worth $217,000.

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AMN Healthcare Services Company Profile

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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