KeyCorp assumed coverage on shares of AMN Healthcare Services Inc (NYSE:AMN) in a research note published on Friday morning. The brokerage issued an overweight rating and a $50.00 price objective on the stock.
Several other analysts also recently weighed in on the company. BMO Capital Markets reissued a buy rating and issued a $48.00 target price (up from $47.00) on shares of AMN Healthcare Services in a report on Sunday, November 12th. Credit Suisse Group began coverage on AMN Healthcare Services in a report on Tuesday, November 7th. They issued an outperform rating and a $48.00 target price for the company. Robert W. Baird boosted their target price on AMN Healthcare Services from $41.00 to $43.00 and gave the company an outperform rating in a report on Friday, November 3rd. Benchmark Co. reissued a buy rating and issued a $52.00 target price (up from $47.00) on shares of AMN Healthcare Services in a report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded AMN Healthcare Services from a buy rating to a hold rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $47.44.
AMN Healthcare Services (AMN) traded up $0.65 during trading on Friday, hitting $44.30. The stock had a trading volume of 454,180 shares, compared to its average volume of 565,470. AMN Healthcare Services has a fifty-two week low of $32.95 and a fifty-two week high of $46.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $2,090.00, a P/E ratio of 16.96 and a beta of 0.41.
AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. The business had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. During the same period in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that AMN Healthcare Services will post 2.57 earnings per share for the current year.
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In other news, insider Susan R. Salka sold 74,456 shares of the 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 completion of the transaction, the insider now directly owns 256,561 shares of the company’s stock, valued at approximately $10,739,643.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ralph Henderson sold 6,906 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $46.00, for a total value of $317,676.00. Following the transaction, the insider now directly owns 31,772 shares of the company’s stock, valued at $1,461,512. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,362 shares of company stock valued at $3,863,304. Company insiders own 2.49% of the company’s stock.
Several hedge funds have recently modified their holdings of AMN. Teachers Advisors LLC purchased a new position in shares of AMN Healthcare Services during the 1st quarter worth approximately $5,127,000. California Public Employees Retirement System acquired a new stake in shares of AMN Healthcare Services in the 1st quarter worth approximately $503,000. Geode Capital Management LLC acquired a new stake in shares of AMN Healthcare Services in the 1st quarter worth approximately $14,678,000. Amalgamated Bank acquired a new stake in shares of AMN Healthcare Services in the 1st quarter worth approximately $254,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of AMN Healthcare Services in the 1st quarter worth approximately $8,187,000.
AMN Healthcare Services Company Profile
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.
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