AMN Healthcare Services Inc (NYSE:AMN) Receives Average Recommendation of “Hold” from Analysts

AMN Healthcare Services Inc (NYSE:AMN) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.00.

AMN has been the subject of several recent analyst reports. Citizens Jmp reissued a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. BMO Capital Markets raised their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Robert W. Baird boosted their price objective on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $35.10 on Tuesday. The company’s 50-day moving average is $30.93 and its two-hundred day moving average is $23.28. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -40.35, a PEG ratio of 0.80 and a beta of 0.41.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The business’s revenue was up 99.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. Analysts forecast that AMN Healthcare Services will post 2.7 EPS for the current year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services 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 completion of the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. 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 corporate insiders.

Institutional Trading of AMN Healthcare Services

Institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new position in shares of AMN Healthcare Services during the second quarter worth $1,464,000. Versant Capital Management Inc raised its holdings in shares of AMN Healthcare Services by 41.8% in the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after buying an additional 345 shares during the period. Segall Bryant & Hamill LLC purchased a new position in AMN Healthcare Services during the 1st quarter valued at about $382,000. Bank of America Corp DE boosted its holdings in AMN Healthcare Services by 9.0% during the 1st quarter. Bank of America Corp DE now owns 587,369 shares of the company’s stock valued at $10,772,000 after acquiring an additional 48,501 shares during the period. Finally, Amundi acquired a new position in AMN Healthcare Services in the 1st quarter valued at about $350,000. 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.