AMN Healthcare Services (NYSE:AMN) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a buy rating in a research report sent to investors on Wednesday, October 17th.

A number of other brokerages also recently commented on AMN. Zacks Investment Research upgraded AMN Healthcare Services from a sell rating to a hold rating in a research report on Tuesday, July 10th. BMO Capital Markets reiterated a buy rating and set a $67.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, July 12th. Robert W. Baird reiterated a hold rating and set a $58.00 price objective on shares of AMN Healthcare Services in a research report on Friday, August 3rd. Lake Street Capital cut their price objective on AMN Healthcare Services from $70.00 to $67.00 and set a buy rating for the company in a research report on Friday, August 3rd. Finally, Jefferies Financial Group reiterated a buy rating and set a $68.00 price objective on shares of AMN Healthcare Services in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. AMN Healthcare Services currently has a consensus rating of Buy and a consensus price target of $65.10.

AMN traded down $0.46 during trading on Wednesday, reaching $58.64. The stock had a trading volume of 352,260 shares, compared to its average volume of 611,841. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.39 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.65. AMN Healthcare Services has a 1-year low of $42.35 and a 1-year high of $68.20.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Wednesday, October 31st. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. AMN Healthcare Services had a return on equity of 25.32% and a net margin of 6.96%. The firm had revenue of $526.84 million during the quarter, compared to the consensus estimate of $526.90 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts expect that AMN Healthcare Services will post 3.27 EPS for the current fiscal year.

In other news, insider Susan R. Salka sold 11,953 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $56.49, for a total value of $675,224.97. Following the completion of the sale, the insider now owns 153,789 shares in the company, valued at $8,687,540.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.18% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of AMN Healthcare Services in the first quarter worth $172,000. Tower Research Capital LLC TRC increased its position in AMN Healthcare Services by 109.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock worth $191,000 after buying an additional 1,705 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in AMN Healthcare Services during the third quarter worth $200,000. D.A. Davidson & CO. acquired a new position in AMN Healthcare Services during the second quarter worth $202,000. Finally, Truvestments Capital LLC acquired a new position in AMN Healthcare Services during the second quarter worth $218,000.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services 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; rapid response 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 from a few days up to one year under the Staff Care and Locum Leaders brands.

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Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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