AMN Healthcare Services (AMN) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research raised shares of AMN Healthcare Services from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Tuesday, October 3rd. SunTrust Banks reaffirmed a buy rating and set a $58.00 price target on shares of AMN Healthcare Services in a report on Friday, December 8th. KeyCorp reaffirmed a buy rating and set a $56.00 price target on shares of AMN Healthcare Services in a report on Thursday, December 7th. BMO Capital Markets reaffirmed a buy rating and set a $48.00 price target (up from $47.00) on shares of AMN Healthcare Services in a report on Sunday, November 12th. Finally, Benchmark reaffirmed a buy rating and set a $52.00 price target (up from $47.00) on shares of AMN Healthcare Services in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $50.11.

AMN Healthcare Services (NYSE:AMN) opened at $48.45 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60. AMN Healthcare Services has a 1-year low of $33.61 and a 1-year high of $51.75. The company has a market cap of $2,330.00, a PE ratio of 20.36 and a beta of 0.47.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, November 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. The firm had revenue of $494.41 million for the quarter, compared to analyst estimates of $493.89 million. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. equities research analysts predict that AMN Healthcare Services will post 2.56 earnings per share for the current year.

In related news, Director Douglas D. Wheat sold 3,793 shares of AMN Healthcare Services stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through this link. Also, insider Susan R. Salka sold 74,456 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $41.86, for a total transaction of $3,116,728.16. Following the sale, the insider now owns 256,561 shares in the company, valued at $10,739,643.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,021 shares of company stock worth $6,108,554. 2.49% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of AMN. Fort L.P. acquired a new position in shares of AMN Healthcare Services in the 3rd quarter worth approximately $7,413,000. Macquarie Group Ltd. lifted its position in shares of AMN Healthcare Services by 47.6% in the 2nd quarter. Macquarie Group Ltd. now owns 960,656 shares of the company’s stock worth $37,514,000 after purchasing an additional 309,693 shares during the period. Bank of New York Mellon Corp lifted its position in shares of AMN Healthcare Services by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock worth $62,281,000 after purchasing an additional 17,777 shares during the period. Third Avenue Management LLC lifted its position in shares of AMN Healthcare Services by 94.5% in the 3rd quarter. Third Avenue Management LLC now owns 143,642 shares of the company’s stock worth $6,565,000 after purchasing an additional 69,800 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of AMN Healthcare Services by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 90,982 shares of the company’s stock worth $3,552,000 after purchasing an additional 7,865 shares during the period.

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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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