AMN Healthcare Services (NYSE:AMN) Hits New 1-Year High – Still a Buy?

AMN Healthcare Services Inc (NYSE:AMN)’s share price reached a new 52-week high on Tuesday. The company traded as high as $49.62 and last traded at $47.69, with a volume of 78,961 shares traded. The stock had previously closed at $49.00.

Analyst Ratings Changes

A number of brokerages have weighed in on AMN. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, September 18th. BMO Capital Markets increased their price objective on AMN Healthcare Services from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research report on Friday, August 7th. UBS Group raised 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. Finally, Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, AMN Healthcare Services has an average rating of “Moderate Buy” and a consensus price target of $36.50.

AMN Healthcare Services Trading Down 5.4%

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average of $36.23 and a 200-day moving average of $27.80. The firm has a market capitalization of $1.79 billion, a P/E ratio of 17.35, a PEG ratio of 1.65 and a beta of 0.40.

AMN Healthcare Services (NYSE:AMN) last posted 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. The business had revenue of $673.24 million for the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. Analysts anticipate that AMN Healthcare Services Inc will post 3.32 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of AMN Healthcare Services in the second quarter worth $215,047,000. Arrowstreet Capital Limited Partnership grew its position in AMN Healthcare Services by 1,278.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after purchasing an additional 1,300,005 shares in the last quarter. Bank of America Corp DE bought a new position in AMN Healthcare Services in the second quarter valued at $16,726,000. Renaissance Technologies LLC increased its stake in AMN Healthcare Services by 50.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after buying an additional 463,100 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at $7,958,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.