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

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given an average recommendation of “Buy” by the eight research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $68.60.

Several equities research analysts have recently issued reports on AMN shares. BMO Capital Markets set a $60.00 price objective on shares of AMN Healthcare Services and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th.

In related news, insider Denise L. Jackson sold 2,400 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $55.01, for a total value of $132,024.00. Following the completion of the sale, the insider now directly owns 20,925 shares of the company’s stock, valued at $1,151,084.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan R. Salka sold 45,975 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $49.92, for a total transaction of $2,295,072.00. Following the completion of the sale, the insider now directly owns 149,711 shares of the company’s stock, valued at $7,473,573.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,149 shares of company stock valued at $3,138,432. Corporate insiders own 2.07% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Capital Management LLC purchased a new stake in shares of AMN Healthcare Services in the second quarter valued at about $50,808,000. Eagle Asset Management Inc. raised its holdings in shares of AMN Healthcare Services by 774.2% in the first quarter. Eagle Asset Management Inc. now owns 803,756 shares of the company’s stock valued at $37,848,000 after buying an additional 711,818 shares during the last quarter. Norges Bank purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $26,156,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of AMN Healthcare Services in the second quarter valued at about $20,779,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of AMN Healthcare Services by 70.2% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 878,835 shares of the company’s stock valued at $41,385,000 after buying an additional 362,575 shares during the last quarter. 99.13% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:AMN traded up $1.09 during trading on Friday, hitting $56.09. The company’s stock had a trading volume of 414,700 shares, compared to its average volume of 348,693. The business has a 50 day moving average price of $54.41 and a two-hundred day moving average price of $52.25. The company has a market capitalization of $2.57 billion, a PE ratio of 17.05, a P/E/G ratio of 1.44 and a beta of 0.89. 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 fifty-two week low of $45.04 and a fifty-two week high of $65.81.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business had revenue of $535.20 million during the quarter, compared to the consensus estimate of $526.06 million. AMN Healthcare Services had a net margin of 5.96% and a return on equity of 23.53%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, equities analysts expect that AMN Healthcare Services will post 3.05 earnings per share 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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