AMN Healthcare Services (NYSE:AMN) Trading 5.3% Higher After Analyst Upgrade

AMN Healthcare Services Inc (NYSE:AMN)’s stock price rose 5.3% during trading on Monday after Citizens Jmp raised their price target on the stock from $22.00 to $24.00. Citizens Jmp currently has a market outperform rating on the stock. AMN Healthcare Services traded as high as $20.91 and last traded at $20.3350. Approximately 350,309 shares changed hands during trading, a decline of 77% from the average daily volume of 1,491,664 shares. The stock had previously closed at $19.32.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. set a $25.00 price target on AMN Healthcare Services in a research report on Thursday, January 15th. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research upgraded AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, UBS Group raised their price target on AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and an average target price of $22.64.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of AMN Healthcare Services in the fourth quarter worth about $32,000. Strengthening Families & Communities LLC increased its holdings in AMN Healthcare Services by 238.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after buying an additional 1,207 shares during the period. China Universal Asset Management Co. Ltd. raised its position in AMN Healthcare Services by 200.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after buying an additional 2,000 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in AMN Healthcare Services during the 3rd quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC lifted its stake in AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Price Performance

The firm has a market capitalization of $801.66 million, a PE ratio of -8.38 and a beta of 0.22. The firm’s fifty day moving average price is $17.89 and its 200 day moving average price is $18.39. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 1.19.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The firm had revenue of $748.23 million during the quarter, compared to analysts’ expectations of $723.11 million. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts forecast that AMN Healthcare Services Inc will post 1.33 earnings per share for the current year.

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.