AMN Healthcare Services (NYSE:AMN) Sets New 52-Week High Following Analyst Upgrade

Key Points

• AMN Healthcare shares hit a new 52-week high, reaching $36.86 after UBS raised its price target from $32 to $35, though UBS maintained a neutral rating.
• Second-quarter results significantly exceeded expectations: adjusted EPS was $0.77 versus roughly $0.19–$0.22 expected, while revenue rose 2.3% year over year to $673 million, helped by staffing and search-services growth.
• Third-quarter revenue guidance also topped forecasts at $640 million–$655 million versus a $618.4 million consensus estimate; however, analysts’ overall consensus rating remains “Hold,” with an average price target of $30.86.

AMN Healthcare Services Inc (NYSE:AMN - Get Free Report)'s share price reached a new 52-week high on Saturday after UBS Group raised their price target on the stock from $32.00 to $35.00. UBS Group currently has a neutral rating on the stock. AMN Healthcare Services traded as high as $36.86 and last traded at $35.9290, with a volume of 1517139 shares. The stock had previously closed at $30.80.

AMN has been the topic of several other research reports. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, May 11th. Citigroup restated a "market outperform" rating on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Truist Financial upped their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Citizens Jmp reiterated a "market outperform" rating and set a $36.00 target price on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Finally, Zacks Research lowered AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $30.86.

Insider Activity

In other news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction that occurred 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 completion of the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by insiders.

Key Headlines Impacting AMN Healthcare Services

Here are the key news stories impacting AMN Healthcare Services this week:

• Positive Sentiment: Quarterly earnings and revenue topped estimates. AMN reported adjusted EPS of $0.77, up from $0.30 a year earlier and well above analysts’ expectations of approximately $0.19-$0.22. Revenue rose 2.3% year over year to $673 million, exceeding the roughly $628 million consensus estimate. GAAP earnings were $0.53 per share, while adjusted EBITDA totaled $73 million. AMN Healthcare Announces Second Quarter 2026 Results
• Positive Sentiment: Growth was broad-based across staffing and search services. Results benefited from higher demand in travel nursing, allied healthcare staffing and executive search, along with activity related to labor disruptions. The earnings beat suggests AMN is gaining operating leverage as demand stabilizes. AMN Q2 Earnings Beat Estimates on Staffing and Search Growth
• Positive Sentiment: Third-quarter revenue guidance exceeded expectations. Management forecast Q3 revenue of $640 million to $655 million, above the consensus estimate of $618.4 million. Although the range implies a sequential decline from Q2, it indicates stronger near-term demand than analysts had projected. AMN Healthcare Quarterly Earnings Report
• Neutral Sentiment: The company continues to face a challenging staffing environment, including a negative reported net margin, while investors will watch whether the recent earnings strength can persist after labor-disruption-related activity.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of AMN Healthcare Services during the 2nd quarter valued at $215,047,000. Deutsche Bank AG purchased a new position in shares of AMN Healthcare Services in the 2nd quarter worth $1,341,000. Bank of New York Mellon Corp bought a new stake in shares of AMN Healthcare Services in the second quarter worth $7,958,000. State of Wyoming bought a new stake in shares of AMN Healthcare Services in the second quarter worth $718,000. Finally, GSA Capital Partners LLP bought a new stake in shares of AMN Healthcare Services in the second quarter worth $1,322,000. Institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Stock Performance

The company has a market cap of $1.39 billion, a PE ratio of 13.41, a PEG ratio of 0.71 and a beta of 0.40. 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 business has a 50-day moving average of $32.51 and a 200 day moving average of $25.09.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.58. The business had revenue of $673.24 million for the quarter, compared to analysts' expectations of $628.39 million. AMN Healthcare Services had a return on equity of 20.48% and a net margin of 3.06%.The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Equities research analysts anticipate that AMN Healthcare Services Inc will post 2.7 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source