AMN Healthcare Services (AMN) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a research report report published on Tuesday morning, ValuEngine reports.

Several other equities analysts have also recently commented on AMN. Zacks Investment Research cut shares of AMN Healthcare Services from a hold rating to a sell rating in a research report on Monday, February 18th. Benchmark set a $66.00 target price on shares of AMN Healthcare Services and gave the stock a buy rating in a research report on Thursday, March 28th. Jefferies Financial Group lifted their target price on shares of AMN Healthcare Services to $74.00 and gave the stock a buy rating in a research report on Wednesday, January 23rd. Finally, Sidoti set a $73.00 price target on shares of AMN Healthcare Services and gave the stock a buy rating in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $65.88.

AMN Healthcare Services stock opened at $52.50 on Tuesday. AMN Healthcare Services has a 52 week low of $45.04 and a 52 week high of $65.81. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.69. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.43 and a beta of 0.77.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, May 2nd. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06. AMN Healthcare Services had a net margin of 6.64% and a return on equity of 25.86%. The firm had revenue of $532.40 million for the quarter, compared to analysts’ expectations of $525.24 million. During the same quarter last year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that AMN Healthcare Services will post 2.91 earnings per share for the current fiscal year.

In other news, insider Susan R. Salka sold 28,746 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $48.05, for a total transaction of $1,381,245.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.07% of the company’s stock.

Hedge funds have recently modified their holdings of the company. New England Research & Management Inc. purchased a new position in AMN Healthcare Services in the 1st quarter valued at approximately $941,000. State of Tennessee Treasury Department grew its stake in AMN Healthcare Services by 408.6% in the 4th quarter. State of Tennessee Treasury Department now owns 159,155 shares of the company’s stock valued at $9,018,000 after buying an additional 127,865 shares in the last quarter. Isthmus Partners LLC grew its stake in AMN Healthcare Services by 11.5% in the 4th quarter. Isthmus Partners LLC now owns 18,911 shares of the company’s stock valued at $1,071,000 after buying an additional 1,952 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in AMN Healthcare Services by 55.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 33,459 shares of the company’s stock valued at $1,830,000 after buying an additional 11,867 shares in the last quarter. Finally, Bremer Trust National Association purchased a new position in AMN Healthcare Services in the 4th quarter valued at approximately $93,000. Institutional investors own 98.52% of the company’s stock.

About AMN Healthcare Services

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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