AMN Healthcare Services (NYSE:AMN) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of AMN Healthcare Services (NYSE:AMN) from a buy rating to a strong-buy rating in a report issued on Saturday.

AMN has been the topic of several other research reports. Truist Financial lifted their target price on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. BMO Capital Markets lifted their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Citizens Jmp lifted their target price on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, February 23rd. Robert W. Baird lifted their target price on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.29.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $28.58 on Friday. The company’s fifty day moving average price is $20.81 and its 200 day moving average price is $18.90. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $31.65. The stock has a market capitalization of $1.11 billion, a P/E ratio of -32.85, a P/E/G ratio of 0.70 and a beta of 0.30. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.94 and a current ratio of 1.09.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 99.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AMN Healthcare Services will post 2.53 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Arrowstreet Capital Limited Partnership raised its holdings in AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after buying an additional 1,300,005 shares during the period. Boston Partners raised its holdings in AMN Healthcare Services by 7,583.1% in the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after buying an additional 1,021,672 shares during the period. Woodline Partners LP purchased a new stake in AMN Healthcare Services in the 3rd quarter valued at about $19,176,000. Millennium Management LLC increased its stake in AMN Healthcare Services by 262.1% during the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock worth $24,934,000 after purchasing an additional 932,269 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after purchasing an additional 463,100 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.