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.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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