Lake Street Capital Boosts AMN Healthcare Services (AMN) Price Target to $70.00

AMN Healthcare Services (NYSE:AMN) had its price target boosted by Lake Street Capital to $70.00 in a research note published on Tuesday. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $64.00 to $66.00 and gave the stock an outperform rating in a research report on Tuesday. Credit Suisse Group upped their price objective on shares of AMN Healthcare Services from $62.00 to $67.00 and gave the stock an outperform rating in a research report on Tuesday. Benchmark upped their price objective on shares of AMN Healthcare Services from $60.00 to $66.00 and gave the stock a buy rating in a research report on Tuesday. Jefferies Group restated a buy rating and set a $71.00 price objective on shares of AMN Healthcare Services in a research report on Tuesday. Finally, Robert W. Baird restated a buy rating and set a $64.00 price objective on shares of AMN Healthcare Services in a research report on Tuesday. Eleven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $62.60.

NYSE:AMN opened at $65.20 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $3,057.28, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.47 and a beta of 0.42. AMN Healthcare Services has a fifty-two week low of $34.71 and a fifty-two week high of $65.88.



AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $509.10 million during the quarter, compared to analysts’ expectations of $501.64 million. AMN Healthcare Services had a net margin of 6.67% and a return on equity of 24.26%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 earnings per share. equities research analysts predict that AMN Healthcare Services will post 3.37 EPS for the current year.

In other news, insider Ralph Henderson sold 8,219 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.00, for a total transaction of $427,388.00. Following the completion of the sale, the insider now owns 30,052 shares of the company’s stock, valued at $1,562,704. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian M. Scott sold 3,634 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.03, for a total transaction of $199,979.02. Following the sale, the chief financial officer now directly owns 78,062 shares of the company’s stock, valued at approximately $4,295,751.86. The disclosure for this sale can be found here. Insiders have sold 36,616 shares of company stock valued at $2,002,501 in the last ninety days. Insiders own 2.18% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $206,000. Creative Planning purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $209,000. M&T Bank Corp purchased a new position in AMN Healthcare Services during the fourth quarter worth about $210,000. Shelton Capital Management purchased a new position in AMN Healthcare Services during the fourth quarter worth about $212,000. Finally, Polen Capital Management LLC purchased a new position in AMN Healthcare Services during the fourth quarter worth about $223,000.

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About AMN Healthcare Services

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.

Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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