AMN Healthcare Services (AMN) Raised to “Buy” at Zacks Investment Research

AMN Healthcare Services (NYSE:AMN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $63.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 10.72% from the company’s previous close.

According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “

Several other equities research analysts also recently commented on AMN. Lake Street Capital reaffirmed a “buy” rating and issued a $61.00 target price (up previously from $50.00) on shares of AMN Healthcare Services in a research note on Friday, February 16th. Robert W. Baird upped their target price on shares of AMN Healthcare Services from $43.00 to $60.00 and gave the company a “positive” rating in a research note on Friday, February 16th. BMO Capital Markets upped their target price on shares of AMN Healthcare Services to $59.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Jefferies Group began coverage on shares of AMN Healthcare Services in a research report on Thursday, February 1st. They set a “buy” rating and a $66.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $57.60.

Shares of AMN Healthcare Services (AMN) traded up $0.40 during trading hours on Wednesday, reaching $56.90. 585,769 shares of the company’s stock traded hands, compared to its average volume of 494,538. AMN Healthcare Services has a 1 year low of $34.71 and a 1 year high of $58.40. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.81. The company has a market capitalization of $2,692.70, a P/E ratio of 21.15 and a beta of 0.51.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $0.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. AMN Healthcare Services had a net margin of 6.67% and a return on equity of 24.26%. The firm had revenue of $509.10 million during the quarter, compared to the consensus estimate of $501.64 million. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. equities analysts forecast that AMN Healthcare Services will post 2.87 earnings per share for the current year.

In other news, CFO Brian M. Scott sold 20,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $50.19, for a total transaction of $1,003,800.00. Following the completion of the sale, the chief financial officer now owns 56,916 shares of the company’s stock, valued at $2,856,614.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark G. Foletta sold 2,500 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $47.03, for a total transaction of $117,575.00. Following the sale, the director now directly owns 3,525 shares of the company’s stock, valued at approximately $165,780.75. The disclosure for this sale can be found here. Insiders have sold 183,400 shares of company stock valued at $9,264,484 in the last three months. 2.49% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of AMN. Raymond James Financial Services Advisors Inc. bought a new position in AMN Healthcare Services in the fourth quarter valued at $206,000. Creative Planning bought a new position in AMN Healthcare Services in the fourth quarter valued at $209,000. M&T Bank Corp bought a new position in AMN Healthcare Services in the fourth quarter valued at $210,000. Shelton Capital Management bought a new position in AMN Healthcare Services in the fourth quarter valued at $212,000. Finally, Polen Capital Management LLC bought a new position in AMN Healthcare Services in the fourth quarter valued at $223,000.

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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.

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