AMN Healthcare Services (AMN) Given Buy Rating at SunTrust Banks
SunTrust Banks restated their buy rating on shares of AMN Healthcare Services (NYSE:AMN) in a research report report published on Friday. The brokerage currently has a $58.00 price target on the stock.
A number of other brokerages have also recently weighed in on AMN. Credit Suisse Group started coverage on shares of AMN Healthcare Services in a report on Tuesday, November 7th. They set an outperform rating and a $48.00 target price on the stock. Zacks Investment Research cut shares of AMN Healthcare Services from a buy rating to a hold rating in a report on Wednesday, October 4th. KeyCorp initiated coverage on shares of AMN Healthcare Services in a research report on Friday, November 17th. They set an overweight rating and a $50.00 price target for the company. ValuEngine upgraded shares of AMN Healthcare Services from a hold rating to a buy rating in a research report on Wednesday, September 27th. Finally, Robert W. Baird upped their price target 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. AMN Healthcare Services has an average rating of Buy and an average price target of $50.11.
Shares of AMN Healthcare Services (AMN) opened at $49.40 on Friday. The firm has a market cap of $2,370.00, a price-to-earnings ratio of 19.67 and a beta of 0.47. AMN Healthcare Services has a twelve month low of $33.61 and a twelve month high of $51.75. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.60.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company had revenue of $494.41 million for the quarter, compared to analysts’ expectations of $493.89 million. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. sell-side analysts anticipate that AMN Healthcare Services will post 2.56 EPS for the current fiscal year.
In other news, Director Douglas D. Wheat sold 3,793 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $50.23, for a total transaction of $190,522.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ralph Henderson sold 6,906 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $46.00, for a total transaction of $317,676.00. Following the transaction, the insider now owns 31,772 shares of the company’s stock, valued at approximately $1,461,512. The disclosure for this sale can be found here. Insiders have sold 142,927 shares of company stock valued at $6,426,230 in the last 90 days. Insiders own 2.49% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its position in AMN Healthcare Services by 13.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after buying an additional 300 shares in the last quarter. Bank of Montreal Can bought a new position in AMN Healthcare Services in the 2nd quarter valued at about $105,000. Riverhead Capital Management LLC grew its position in AMN Healthcare Services by 85.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after buying an additional 1,363 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new position in AMN Healthcare Services in the 3rd quarter valued at about $217,000. Finally, SG Americas Securities LLC grew its position in AMN Healthcare Services by 117.2% in the 2nd quarter. SG Americas Securities LLC now owns 6,277 shares of the company’s stock valued at $245,000 after buying an additional 3,387 shares in the last quarter.
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.
Receive News & Ratings for AMN Healthcare Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMN Healthcare Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.