Wall Street Zen Upgrades AMN Healthcare Services (NYSE:AMN) to "Strong-Buy"

Key Points

• Wall Street Zen upgraded AMN Healthcare Services to “strong-buy” from “buy,” though broader analyst sentiment remains “hold,” with an average price target of $30.86 versus the stock’s $35.93 opening price.
• AMN reported strong quarterly results, posting adjusted EPS of $0.77 versus the $0.19 consensus estimate and revenue of $673.24 million versus expectations of $628.39 million. Revenue increased 2.3% year over year.
• Management’s third-quarter revenue guidance of $640 million to $655 million exceeded analyst expectations of $618.4 million, while institutional investors own 99.23% of the company’s shares.

AMN Healthcare Services (NYSE:AMN - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Sunday.

AMN has been the subject of several other reports. Weiss Ratings upgraded AMN Healthcare Services from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, June 17th. Zacks Research cut AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Citizens Jmp reissued a "market outperform" rating and issued a $36.00 target price on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. UBS Group boosted their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Truist Financial upped their price objective on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $30.86.

AMN Healthcare Services Trading Up 16.7%

NYSE AMN opened at $35.93 on Friday. The company has a market capitalization of $1.39 billion, a PE ratio of 13.41, a P/E/G ratio of 0.83 and a beta of 0.40. AMN Healthcare Services has a 12 month low of $14.86 and a 12 month high of $36.86. The stock has a 50-day simple moving average of $32.51 and a 200 day simple moving average of $25.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.58. The company had revenue of $673.24 million during 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%.AMN Healthcare Services's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. Research analysts forecast that AMN Healthcare Services will post 2.7 EPS for the current year.

Insider Activity at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the business's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares of the company's stock, valued at $556,681.19. The trade was 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company's stock.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. BlackRock Inc. bought a new stake in shares of AMN Healthcare Services during the 2nd quarter worth $215,047,000. Millennium Management LLC increased its holdings in AMN Healthcare Services by 55.8% in the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company's stock worth $31,614,000 after purchasing an additional 718,048 shares in the last quarter. State Street Corp raised its position in AMN Healthcare Services by 1.8% in the fourth quarter. State Street Corp now owns 1,624,935 shares of the company's stock valued at $25,609,000 after purchasing an additional 28,479 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in AMN Healthcare Services by 1,278.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company's stock valued at $25,708,000 after purchasing an additional 1,300,005 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of AMN Healthcare Services by 50.7% during 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 in the last quarter. 99.23% of the stock is currently owned by institutional investors.

Key AMN Healthcare Services News

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.

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.

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.

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