AMN Healthcare Services Inc (NYSE:AMN) Upgraded by ValuEngine to “Buy”
AMN Healthcare Services Inc (NYSE:AMN) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
Several other research analysts have also weighed in on AMN. Zacks Investment Research lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They set an “outperform” rating and a $45.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.50.
Shares of AMN Healthcare Services (AMN) opened at 36.50 on Friday. The firm has a market capitalization of $1.75 billion, a PE ratio of 15.40 and a beta of 0.56. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $43.85. The company’s 50-day moving average is $37.44 and its 200 day moving average is $38.56.
AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share 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 analyst estimates of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. Equities analysts expect that AMN Healthcare Services will post $3.12 earnings per share for the current fiscal year.
In related news, Director Mark G. Foletta sold 1,500 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total transaction of $55,065.00. Following the completion of the sale, the director now owns 6,025 shares of the company’s stock, valued at approximately $221,177.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in AMN Healthcare Services by 0.6% in the second quarter. BlackRock Inc. now owns 5,679,926 shares of the company’s stock worth $221,802,000 after buying an additional 32,397 shares during the period. Vanguard Group Inc. increased its stake in AMN Healthcare Services by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,289,538 shares of the company’s stock worth $167,507,000 after buying an additional 36,632 shares during the period. Dimensional Fund Advisors LP increased its stake in AMN Healthcare Services by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,704,656 shares of the company’s stock worth $66,567,000 after buying an additional 23,596 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in AMN Healthcare Services by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,484,650 shares of the company’s stock worth $57,975,000 after buying an additional 106,575 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in AMN Healthcare Services by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 1,345,029 shares of the company’s stock worth $52,523,000 after buying an additional 48,161 shares during the period. 99.95% of the stock is owned by hedge funds and other institutional investors.
About AMN Healthcare Services
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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