AMN Healthcare Services Inc (NYSE:AMN)‘s stock had its “buy” rating reaffirmed by equities researchers at BMO Capital Markets in a research report issued on Friday, September 1st. They currently have a $43.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential upside of 16.22% from the company’s previous close.
AMN has been the topic of several other research reports. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research lowered AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Wells Fargo & Company assumed coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They set an “outperform” rating and a $45.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.83.
AMN Healthcare Services (NYSE:AMN) opened at 37.00 on Friday. The stock has a 50 day moving average of $37.47 and a 200-day moving average of $38.62. The firm has a market cap of $1.77 billion, a P/E ratio of 15.61 and a beta of 0.47. AMN Healthcare Services has a 12 month low of $26.00 and a 12 month high of $43.85.
AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. The business had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $489.79 million. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Equities research analysts predict that AMN Healthcare Services will post $3.12 earnings per share for the current fiscal year.
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In other AMN Healthcare Services news, Director Mark G. Foletta sold 1,500 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $36.71, for a total value of $55,065.00. Following the transaction, the director now owns 6,025 shares of the company’s stock, valued at approximately $221,177.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. FNY Partners Fund LP bought a new position in AMN Healthcare Services in the 1st quarter valued at $101,000. Acrospire Investment Management LLC grew its position in shares of AMN Healthcare Services by 13.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after buying an additional 300 shares in the last quarter. Meadow Creek Investment Management LLC bought a new position in shares of AMN Healthcare Services during the 1st quarter worth $104,000. Bank of Montreal Can bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth $105,000. Finally, SG Americas Securities LLC bought a new position in shares of AMN Healthcare Services during the 1st quarter worth $117,000. 99.95% of the stock is currently owned by institutional investors.
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.
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