AMN Healthcare Services, Inc. (NYSE:AMN) Given Consensus Rating of “Buy” by Brokerages

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AMN Healthcare Services, Inc. (NYSE:AMN) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $68.00.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Monday, August 19th. BMO Capital Markets set a $60.00 target price on shares of AMN Healthcare Services and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, ValuEngine upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th.

In other AMN Healthcare Services news, insider Denise L. Jackson sold 773 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $55.00, for a total transaction of $42,515.00. Following the sale, the insider now directly owns 20,152 shares in the company, valued at approximately $1,108,360. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Susan R. Salka sold 45,975 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $49.92, for a total transaction of $2,295,072.00. Following the sale, the insider now owns 149,711 shares in the company, valued at $7,473,573.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,149 shares of company stock worth $3,138,432. 2.07% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in AMN Healthcare Services by 0.7% in the second quarter. BlackRock Inc. now owns 6,808,421 shares of the company’s stock valued at $369,354,000 after purchasing an additional 48,056 shares during the period. Dimensional Fund Advisors LP lifted its stake in AMN Healthcare Services by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,557,429 shares of the company’s stock valued at $88,244,000 after buying an additional 21,012 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in AMN Healthcare Services by 10.8% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,274,436 shares of the company’s stock valued at $69,138,000 after buying an additional 124,614 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its stake in AMN Healthcare Services by 8.3% during the second quarter. Silvercrest Asset Management Group LLC now owns 1,092,212 shares of the company’s stock valued at $59,253,000 after buying an additional 83,829 shares in the last quarter. Finally, SG Capital Management LLC purchased a new stake in AMN Healthcare Services during the second quarter valued at about $50,808,000. 96.61% of the stock is currently owned by institutional investors.

Shares of AMN stock opened at $55.73 on Friday. The firm’s 50 day moving average price is $54.69 and its 200-day moving average price is $52.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.55 and a current ratio of 1.55. AMN Healthcare Services has a one year low of $45.04 and a one year high of $65.81. The firm has a market cap of $2.63 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.48 and a beta of 0.89.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.70 by $0.07. AMN Healthcare Services had a net margin of 5.96% and a return on equity of 23.53%. The firm had revenue of $535.20 million for the quarter, compared to analyst estimates of $526.06 million. During the same period in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts predict that AMN Healthcare Services will post 3.05 EPS for the current fiscal year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

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Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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