Zacks Investment Research Downgrades AMN Healthcare Services (AMN) to Hold

Zacks Investment Research cut shares of AMN Healthcare Services (NYSE:AMN) from a buy rating to a hold rating in a research note published on Friday.

According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “

AMN has been the topic of a number of other research reports. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $61.00 to $60.00 and set an outperform rating on the stock in a research note on Thursday, November 1st. Berenberg Bank began coverage on shares of AMN Healthcare Services in a research note on Thursday, October 4th. They set a buy rating and a $70.00 price target on the stock. ValuEngine downgraded shares of AMN Healthcare Services from a buy rating to a hold rating in a research note on Wednesday, September 12th. Stephens began coverage on shares of AMN Healthcare Services in a research note on Tuesday, October 2nd. They set an equal weight rating on the stock. Finally, Jefferies Financial Group set a $68.00 price target on shares of AMN Healthcare Services and gave the stock a buy rating in a research note on Friday, September 28th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. AMN Healthcare Services has a consensus rating of Buy and an average price target of $65.10.

Shares of AMN Healthcare Services stock opened at $61.51 on Friday. The firm has a market capitalization of $2.89 billion, a PE ratio of 19.83, a P/E/G ratio of 1.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.58 and a current ratio of 1.58. AMN Healthcare Services has a 1 year low of $43.90 and a 1 year high of $68.20.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $526.84 million for the quarter, compared to the consensus estimate of $526.90 million. AMN Healthcare Services had a net margin of 6.96% and a return on equity of 25.32%. AMN Healthcare Services’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.63 earnings per share. On average, sell-side analysts anticipate that AMN Healthcare Services will post 3.27 earnings per share for the current year.

In other AMN Healthcare Services news, insider Susan R. Salka sold 11,953 shares of AMN Healthcare Services stock in a transaction on Monday, November 5th. The shares were sold at an average price of $56.49, for a total transaction of $675,224.97. Following the sale, the insider now owns 153,789 shares in the company, valued at $8,687,540.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.18% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AMN. Point72 Hong Kong Ltd bought a new position in shares of AMN Healthcare Services during the third quarter valued at $159,000. Tower Research Capital LLC TRC lifted its holdings in shares of AMN Healthcare Services by 109.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock valued at $191,000 after acquiring an additional 1,705 shares during the period. Palouse Capital Management Inc. bought a new position in shares of AMN Healthcare Services during the third quarter valued at $200,000. D.A. Davidson & CO. bought a new position in shares of AMN Healthcare Services during the second quarter valued at $202,000. Finally, Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services during the second quarter valued at $218,000.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.

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