Analysts Set AMN Healthcare Services Inc (AMN) Target Price at $45.00
Shares of AMN Healthcare Services Inc (NYSE:AMN) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $45.00.
AMN has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective for the company. Zacks Investment Research upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, July 4th. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a report on Friday, September 1st.
In other AMN Healthcare Services news, insider Ralph Henderson sold 6,906 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the sale, the insider now owns 31,772 shares of the company’s stock, valued at $1,461,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC boosted its position in AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after acquiring an additional 300 shares during the last quarter. FNY Partners Fund LP bought a new stake in AMN Healthcare Services during the first quarter valued at $101,000. Bank of Montreal Can bought a new stake in AMN Healthcare Services during the second quarter valued at $105,000. Riverhead Capital Management LLC boosted its position in AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after acquiring an additional 1,363 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in AMN Healthcare Services during the first quarter valued at $117,000.
Shares of AMN Healthcare Services (NYSE:AMN) traded down 0.48% on Thursday, reaching $41.40. The company’s stock had a trading volume of 553,483 shares. The firm has a 50 day moving average of $40.66 and a 200 day moving average of $38.71. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $46.60. The company has a market cap of $1.99 billion, a PE ratio of 17.47 and a beta of 0.45.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $489.79 million. AMN Healthcare Services had a return on equity of 26.83% and a net margin of 6.01%. AMN Healthcare Services’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Analysts predict that AMN Healthcare Services will post $3.12 earnings per share for the current year.
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.
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