AMN Healthcare Services (AMN) Price Target Increased to $64.00 by Analysts at BMO Capital Markets

AMN Healthcare Services (NYSE:AMN) had its price target upped by equities research analysts at BMO Capital Markets from $59.00 to $64.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 10.34% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other brokerages have also recently issued reports on AMN. ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group assumed coverage on shares of AMN Healthcare Services in a report on Thursday, February 1st. They issued a “buy” rating and a $66.00 target price on the stock. Robert W. Baird raised their target price on shares of AMN Healthcare Services from $43.00 to $60.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Lake Street Capital restated a “buy” rating and issued a $61.00 target price (up previously from $50.00) on shares of AMN Healthcare Services in a report on Friday, February 16th. Finally, SunTrust Banks restated a “buy” rating and issued a $58.00 target price on shares of AMN Healthcare Services in a report on Friday, December 8th. Eleven investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $58.10.

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Shares of AMN Healthcare Services stock opened at $58.00 on Thursday. The firm has a market cap of $2,821.38, a P/E ratio of 21.56 and a beta of 0.47. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. AMN Healthcare Services has a 1 year low of $34.71 and a 1 year high of $60.80.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $509.10 million during the quarter, compared to the consensus estimate of $501.64 million. AMN Healthcare Services had a net margin of 6.67% and a return on equity of 24.26%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. research analysts forecast that AMN Healthcare Services will post 3.25 EPS for the current fiscal year.

In other news, CFO Brian M. Scott sold 3,634 shares of AMN Healthcare Services stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.03, for a total transaction of $199,979.02. Following the transaction, the chief financial officer now owns 78,062 shares in the company, valued at approximately $4,295,751.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Susan R. Salka sold 95,219 shares of AMN Healthcare Services stock in a transaction on Friday, January 12th. The stock was sold at an average price of $49.35, for a total transaction of $4,699,057.65. Following the transaction, the insider now owns 222,168 shares in the company, valued at approximately $10,963,990.80. The disclosure for this sale can be found here. Insiders have sold a total of 131,835 shares of company stock worth $6,701,558 in the last quarter. Corporate insiders own 2.18% of the company’s stock.

Several institutional investors have recently modified their holdings of AMN. Victory Capital Management Inc. boosted its stake in shares of AMN Healthcare Services by 29.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,021,463 shares of the company’s stock worth $50,307,000 after acquiring an additional 231,101 shares during the last quarter. Kestrel Investment Management Corp purchased a new position in shares of AMN Healthcare Services during the 3rd quarter worth $9,897,000. BlackRock Inc. boosted its stake in shares of AMN Healthcare Services by 3.0% during the 4th quarter. BlackRock Inc. now owns 5,934,876 shares of the company’s stock worth $292,292,000 after acquiring an additional 174,113 shares during the last quarter. Fort L.P. purchased a new position in shares of AMN Healthcare Services during the 3rd quarter worth $7,413,000. Finally, Wells Fargo & Company MN boosted its stake in shares of AMN Healthcare Services by 23.2% during the 3rd quarter. Wells Fargo & Company MN now owns 849,157 shares of the company’s stock worth $38,807,000 after acquiring an additional 159,777 shares during the last quarter.

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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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