AMN Healthcare Services (NYSE:AMN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AMN Healthcare Services (NYSE:AMN) from a buy rating to a strong-buy rating in a report released on Sunday morning.

AMN has been the topic of a number of other research reports. BMO Capital Markets upped their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Citizens Jmp restated a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Robert W. Baird set a $36.00 price target on shares of AMN Healthcare Services in a research report on Friday. Finally, Zacks Research cut shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $30.86.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $33.06 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.13. The stock’s 50-day simple moving average is $32.71 and its 200 day simple moving average is $25.35. The company has a market cap of $1.28 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.35 and a beta of 0.40. AMN Healthcare Services has a 52-week low of $14.97 and a 52-week high of $37.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, sell-side analysts forecast that AMN Healthcare Services will post 3.1 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director directly owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in shares of AMN Healthcare Services in the fourth quarter valued at about $32,000. Versant Capital Management Inc boosted its holdings in shares of AMN Healthcare Services by 41.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after buying an additional 345 shares during the period. China Universal Asset Management Co. Ltd. grew its stake in AMN Healthcare Services by 200.0% in the 4th 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 during the last quarter. Johnson Financial Group Inc. acquired a new position in AMN Healthcare Services in the 3rd quarter valued at about $63,000. Finally, Tower Research Capital LLC TRC raised its holdings in AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the period. 99.23% of the stock is owned by institutional investors.

About AMN Healthcare Services

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.