AMN Healthcare Services Inc (NYSE:AMN) Receives $25.29 Consensus Target Price from Analysts

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $27.00.

A number of research firms recently commented on AMN. Citigroup reissued a “market outperform” rating on shares of AMN Healthcare Services in a research report on Tuesday. Citizens Jmp reissued a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a research report on Tuesday. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. UBS Group increased their target price on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th.

Insider Activity

In related news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares of the company’s stock, valued at $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new position in AMN Healthcare Services in the fourth quarter valued at $32,000. China Universal Asset Management Co. Ltd. increased its holdings in AMN Healthcare Services by 200.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services in the third quarter valued at $63,000. Finally, Strs Ohio purchased a new position in AMN Healthcare Services in the first quarter valued at $95,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

NYSE AMN opened at $32.49 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average price is $27.05 and its 200-day moving average price is $21.38. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $33.13. The company has a market cap of $1.26 billion, a PE ratio of -37.34, a P/E/G ratio of 0.73 and a beta of 0.44.

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

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.