AMN Healthcare Services (NYSE:AMN) Sets New 1-Year High – Time to Buy?

AMN Healthcare Services Inc (NYSE:AMN)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.76 and last traded at $31.7890, with a volume of 927497 shares changing hands. The stock had previously closed at $30.61.

Analysts Set New Price Targets

A number of research firms have issued reports on AMN. Citizens Jmp upped their target price on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Truist Financial lifted their target price on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. BMO Capital Markets increased their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Robert W. Baird lifted their price objective on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.29.

AMN Healthcare Services Stock Up 3.9%

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average price is $23.29 and its 200-day moving average price is $19.84. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -36.54, a price-to-earnings-growth ratio of 0.70 and a beta of 0.44.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue was up 99.9% compared to the same quarter last year. Sell-side analysts predict that AMN Healthcare Services Inc will post 2.7 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of AMN Healthcare Services by 1.5% in the first quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after buying an additional 2,784 shares during the period. AQR Capital Management LLC boosted its stake in AMN Healthcare Services by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after purchasing an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AMN Healthcare Services in the 1st quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of AMN Healthcare Services by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after buying an additional 51,737 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.