AMN Healthcare Services (AMN) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of AMN Healthcare Services (NYSE:AMN) in a research note issued to investors on Sunday, November 12th. BMO Capital Markets currently has a $48.00 target price on the stock, up from their previous target price of $47.00.

AMN has been the topic of a number of other research reports. Zacks Investment Research raised shares of AMN Healthcare Services from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Tuesday, October 3rd. ValuEngine downgraded shares of AMN Healthcare Services from a buy rating to a hold rating in a research report on Friday, September 1st. Robert W. Baird boosted their target price on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. Benchmark reissued a buy rating and set a $52.00 target price (up previously from $47.00) on shares of AMN Healthcare Services in a research report on Wednesday, October 25th. Finally, Credit Suisse Group began coverage on shares of AMN Healthcare Services in a research report on Tuesday, November 7th. They set an outperform rating and a $48.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $47.44.

AMN Healthcare Services (NYSE AMN) traded down $0.60 during trading on Friday, hitting $49.60. 387,845 shares of the stock traded hands, compared to its average volume of 563,311. AMN Healthcare Services has a 12-month low of $33.05 and a 12-month high of $51.75. The company has a market cap of $2,380.00, a price-to-earnings ratio of 18.82 and a beta of 0.41. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The company had revenue of $494.41 million during the quarter, compared to analyst estimates of $493.89 million. During the same quarter last year, the business posted $0.62 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts forecast that AMN Healthcare Services will post 2.56 EPS for the current year.

In other AMN Healthcare Services news, Director Mark G. Foletta sold 2,500 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $47.03, for a total transaction of $117,575.00. Following the completion of the transaction, the director now owns 3,525 shares of the company’s stock, valued at $165,780.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Susan R. Salka sold 74,456 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $41.86, for a total transaction of $3,116,728.16. Following the transaction, the insider now directly owns 256,561 shares of the company’s stock, valued at approximately $10,739,643.46. The disclosure for this sale can be found here. Insiders sold 93,862 shares of company stock valued at $3,980,879 in the last three months. 2.49% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in AMN Healthcare Services by 14.1% in the third quarter. Public Employees Retirement System of Ohio now owns 94,137 shares of the company’s stock valued at $4,302,000 after acquiring an additional 11,653 shares in the last quarter. California Public Employees Retirement System raised its holdings in AMN Healthcare Services by 46.1% in the third quarter. California Public Employees Retirement System now owns 22,347 shares of the company’s stock valued at $1,021,000 after acquiring an additional 7,047 shares in the last quarter. Simcoe Capital Management LLC increased its stake in AMN Healthcare Services by 12.2% in the third quarter. Simcoe Capital Management LLC now owns 570,704 shares of the company’s stock valued at $26,081,000 after purchasing an additional 62,120 shares during the last quarter. Stifel Financial Corp increased its stake in AMN Healthcare Services by 8.1% in the third quarter. Stifel Financial Corp now owns 346,409 shares of the company’s stock valued at $15,816,000 after purchasing an additional 25,956 shares during the last quarter. Finally, Kestrel Investment Management Corp purchased a new position in AMN Healthcare Services in the third quarter valued at approximately $9,897,000.

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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.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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