AMN Healthcare Services (NYSE:AMN) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded AMN Healthcare Services from “hold” to “buy.” Analyst opinion remains mixed overall, with MarketBeat reporting an average “hold” rating and a $39.17 average price target.
• AMN reported quarterly EPS of $1.16, beating the $0.23 consensus estimate, and revenue of $717.27 million, above expectations of $649.55 million. Revenue rose 13% year over year.
• Shares opened at $38.05, within a 52-week range of $14.97 to $49.62; the stock was up 1.7% in the article’s report.

AMN Healthcare Services (NYSE:AMN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Citizens Jmp upped their price objective on AMN Healthcare Services from $40.00 to $51.00 and gave the stock a "market outperform" rating in a report on Friday, November 6th. Bank of America reissued an "underperform" rating on shares of AMN Healthcare Services in a report on Friday, November 6th. Truist Financial boosted their target price on shares of AMN Healthcare Services from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, November 9th. Weiss Ratings upgraded shares of AMN Healthcare Services from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. Finally, Robert W. Baird set a $36.00 price target on shares of AMN Healthcare Services in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of "Hold" and an average target price of $39.17.

AMN Healthcare Services Stock Up 1.7%

Shares of NYSE:AMN opened at $38.05 on Friday. AMN Healthcare Services has a fifty-two week low of $14.97 and a fifty-two week high of $49.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The firm's 50-day simple moving average is $38.61 and its 200-day simple moving average is $29.51. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 5.03 and a beta of 0.42.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.93. The firm had revenue of $717.27 million during the quarter, compared to analysts' expectations of $649.55 million. AMN Healthcare Services had a net margin of 3.10% and a return on equity of 23.42%. The firm's revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services will post 3.87 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently added to or reduced their stakes in AMN. Heritage Family Offices LLP acquired a new position in AMN Healthcare Services during the third quarter worth about $37,000. Versant Capital Management Inc lifted its holdings 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 in the last quarter. IFP Advisors Inc lifted its holdings in shares of AMN Healthcare Services by 849.6% in the second 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 in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $49,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of AMN Healthcare Services in the third quarter valued at approximately $56,000. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc. is a healthcare workforce solutions company that helps healthcare organizations recruit and manage clinical and nonclinical staff. Its clients include hospitals, health systems, physician groups and other care providers. The company's services include temporary and permanent staffing for nurses, physicians and allied healthcare professionals; locum tenens staffing; and workforce management programs. AMN also provides language interpretation and related services, as well as technology and consulting solutions to support workforce planning and recruitment.

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