AMN Healthcare Services (NYSE:AMN) Price Target Raised to $40.00 at Citizens Jmp

AMN Healthcare Services (NYSE:AMN) had its price objective lifted by Citizens Jmp from $36.00 to $40.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a market outperform rating on the stock.

AMN has been the topic of several other research reports. Robert W. Baird set a $36.00 price target on shares of AMN Healthcare Services in a research note on Friday, August 7th. UBS Group boosted their price objective on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, BMO Capital Markets boosted their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, AMN Healthcare Services has a consensus rating of “Hold” and an average target price of $31.43.

AMN Healthcare Services Price Performance

Shares of AMN stock opened at $34.47 on Friday. AMN Healthcare Services has a 52-week low of $14.97 and a 52-week high of $37.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.13. The firm has a market capitalization of $1.33 billion, a P/E ratio of 12.86, a P/E/G ratio of 1.27 and a beta of 0.40. The stock has a 50 day moving average price of $32.88 and a 200 day moving average price of $25.60.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The company had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the prior year, the company posted $0.30 EPS. AMN Healthcare Services’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts predict that AMN Healthcare Services will post 3.1 earnings per share for the current year.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director directly owned 17,917 shares in the company, valued at $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently modified their holdings of AMN. BlackRock Inc. bought a new position in AMN Healthcare Services in the second quarter worth approximately $215,047,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after acquiring an additional 1,300,005 shares during the period. Boston Partners increased its holdings in shares of AMN Healthcare Services by 7,583.1% in the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after acquiring an additional 1,021,672 shares during the period. Woodline Partners LP bought a new position in shares of AMN Healthcare Services in the 3rd quarter worth $19,176,000. Finally, Millennium Management LLC raised its position in shares of AMN Healthcare Services by 262.1% in the 3rd quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock worth $24,934,000 after acquiring an additional 932,269 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.