AMN Healthcare Services’ (AMN) Buy Rating Reaffirmed at BMO Capital Markets
BMO Capital Markets reiterated their buy rating on shares of AMN Healthcare Services (NYSE:AMN) in a research note issued to investors on Monday. They currently have a $54.00 price target on the stock.
Other equities analysts also recently issued reports about the company. KeyCorp restated a buy rating and issued a $56.00 target price on shares of AMN Healthcare Services in a research note on Thursday, December 7th. Benchmark restated a buy rating and issued a $60.00 target price (up from $52.00) on shares of AMN Healthcare Services in a research note on Monday, January 8th. Zacks Investment Research upgraded AMN Healthcare Services from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Tuesday, October 3rd. Robert W. Baird lifted their target price on AMN Healthcare Services from $41.00 to $43.00 and gave the company an outperform rating in a research note on Friday, November 3rd. Finally, SunTrust Banks restated a buy rating and issued a $58.00 target price on shares of AMN Healthcare Services in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. AMN Healthcare Services has an average rating of Buy and a consensus price target of $51.67.
AMN Healthcare Services (NYSE AMN) opened at $51.30 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60. AMN Healthcare Services has a 52 week low of $34.55 and a 52 week high of $51.75. The company has a market capitalization of $2,450.00, a P/E ratio of 21.55 and a beta of 0.47.
In other news, Director Andrew M. Stern sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $42.89, for a total transaction of $428,900.00. Following the completion of the transaction, the director now directly owns 6,668 shares in the company, valued at $285,990.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian M. Scott sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $50.19, for a total value of $1,003,800.00. Following the transaction, the chief financial officer now owns 56,916 shares of the company’s stock, valued at $2,856,614.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 231,240 shares of company stock valued at $10,807,611. Insiders own 2.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Fort L.P. acquired a new position in shares of AMN Healthcare Services during the third quarter worth approximately $7,413,000. Bank of New York Mellon Corp boosted its position in shares of AMN Healthcare Services by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock worth $62,281,000 after buying an additional 17,777 shares during the period. Macquarie Group Ltd. boosted its position in shares of AMN Healthcare Services by 47.6% during the second quarter. Macquarie Group Ltd. now owns 960,656 shares of the company’s stock worth $37,514,000 after buying an additional 309,693 shares during the period. Third Avenue Management LLC boosted its position in shares of AMN Healthcare Services by 94.5% during the third quarter. Third Avenue Management LLC now owns 143,642 shares of the company’s stock worth $6,565,000 after buying an additional 69,800 shares during the period. Finally, Wells Fargo & Company MN lifted its position in AMN Healthcare Services by 23.2% in the third quarter. Wells Fargo & Company MN now owns 849,157 shares of the company’s stock worth $38,807,000 after purchasing an additional 159,777 shares during the period.
AMN Healthcare Services Company Profile
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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