AMN Healthcare Services (NYSE:AMN) Price Target Raised to $40.00 at BMO Capital Markets

AMN Healthcare Services (NYSE:AMN) had its target price increased by analysts at BMO Capital Markets from $38.00 to $40.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 18.35% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. UBS Group upped their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a report on Friday, August 7th. Truist Financial boosted their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Citizens Jmp upped their price target on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, August 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus target price of $36.00.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $33.80 on Friday. AMN Healthcare Services has a fifty-two week low of $14.97 and a fifty-two week high of $37.22. The business has a 50-day simple moving average of $33.83 and a two-hundred day simple moving average of $27.63. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts expect that AMN Healthcare Services will post 3.32 earnings per share for the current year.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after purchasing an additional 345 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of AMN Healthcare Services by 849.6% in the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,147 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in AMN Healthcare Services by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after acquiring an additional 1,153 shares during the period. Finally, Greenwood Capital Associates LLC raised its holdings in AMN Healthcare Services by 7.8% in the second quarter. Greenwood Capital Associates LLC now owns 17,686 shares of the company’s stock valued at $572,000 after buying an additional 1,285 shares during the period. Hedge funds and other institutional investors 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.