AMN Healthcare Services (NYSE:AMN) Lowered to “Buy” Rating by Wall Street Zen

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

A number of other equities analysts have also weighed in on AMN. UBS Group upped their target price on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, Robert W. Baird raised their price objective on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.00.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $33.74 on Friday. The business has a 50-day simple moving average of $31.99 and a 200 day simple moving average of $24.56. AMN Healthcare Services has a one year low of $14.86 and a one 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 $1.31 billion, a price-to-earnings ratio of -38.78, a PEG ratio of 0.77 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 the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 99.9% on a year-over-year basis. On average, research analysts anticipate that AMN Healthcare Services will post 2.7 earnings per share for the current fiscal year.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors have recently bought and sold shares of AMN. Versant Capital Management Inc lifted its stake in AMN Healthcare Services by 41.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after acquiring an additional 345 shares in the last quarter. Summit Securities Group LLC purchased a new position in AMN Healthcare Services during the 4th quarter worth $32,000. China Universal Asset Management Co. Ltd. grew its stake in shares of AMN Healthcare Services by 200.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after acquiring an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of AMN Healthcare Services by 49.2% in the 2nd 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. purchased a new stake in shares of AMN Healthcare Services in the third quarter valued at about $63,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

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.