BMO Capital Markets Forecasts Strong Price Appreciation for AMN Healthcare Services (NYSE:AMN) Stock

AMN Healthcare Services (NYSE:AMN) had its price objective hoisted by research analysts at BMO Capital Markets from $25.00 to $26.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 9.88% from the company’s current price.

A number of other brokerages have also recently commented on AMN. Zacks Research upgraded shares of AMN Healthcare Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. UBS Group boosted their price objective on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Robert W. Baird boosted their price objective on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday. Finally, JPMorgan Chase & Co. set a $25.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.50.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $28.85 on Monday. The firm’s fifty day moving average price is $19.67 and its 200-day moving average price is $18.49. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a market cap of $1.11 billion, a P/E ratio of -33.16, a price-to-earnings-growth ratio of 1.20 and a beta of 0.30. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $29.00.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.50. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The business’s quarterly revenue was up 99.9% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, equities research analysts expect that AMN Healthcare Services will post 1.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently modified their holdings of AMN. Boston Partners boosted its stake in shares of AMN Healthcare Services by 7,583.1% during the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after purchasing an additional 1,021,672 shares in the last quarter. Woodline Partners LP bought a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at about $19,176,000. Millennium Management LLC boosted its stake in shares of AMN Healthcare Services by 262.1% during the 3rd quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after purchasing an additional 932,269 shares in the last quarter. Lighthouse Investment Partners LLC boosted its stake in shares of AMN Healthcare Services by 1,557.4% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 262,857 shares of the company’s stock valued at $5,089,000 after purchasing an additional 246,997 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of AMN Healthcare Services by 165.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 370,444 shares of the company’s stock valued at $7,657,000 after purchasing an additional 231,079 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

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.