AMN Healthcare Services (NYSE:AMN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

AMN Healthcare Services Inc (NYSE:AMN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.48 and traded as high as $21.46. AMN Healthcare Services shares last traded at $20.97, with a volume of 1,677,101 shares trading hands.

Analyst Ratings Changes

AMN has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Citizens Jmp lifted their price objective on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. Wall Street Zen raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, UBS Group increased their target price on AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.64.

AMN Healthcare Services Trading Up 2.8%

The stock has a market cap of $810.28 million, a price-to-earnings ratio of -8.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.23. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50 day simple moving average is $18.37 and its two-hundred day simple moving average is $18.48.

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, meeting analysts’ consensus estimates of $0.22. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The company had revenue of $748.23 million during the quarter, compared to analyst estimates of $723.11 million. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts expect that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Institutional investors have recently bought and sold shares of the company. Strengthening Families & Communities LLC grew its stake in shares of AMN Healthcare Services by 238.5% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after buying an additional 1,207 shares in the last quarter. Summit Securities Group LLC acquired a new stake in AMN Healthcare Services in the fourth quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. lifted its stake in AMN Healthcare Services by 200.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC grew its position in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in AMN Healthcare Services in the third quarter worth approximately $63,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.