AMN Healthcare Services Inc. (AHS) up 8.31 per cent in the past week, is under coverage of 8 analysts who collectively recommend a buy rating on stock. 8 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 8 equity analysts who rate the stock have an average target price at $45.25, with individual targets ranging between $40 and $53. The shares closed last trade at $41.17, implying that analysts see shares rising about 9.91 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 32.59 up so far this year. A President and CEO at AMN Healthcare Services Inc. (AHS) sold shares in the company in a transaction completed on Tuesday June 07, 2016. Salka Susan R offloaded 30,000 shares in the company at an average price of $40 and ended up generating $1,200,000 in proceeds. Salka Susan R retains 318,688 shares in the company after this transaction. A Pres., Prof. Svc. & Staffing in the company, Henderson Ralph, on Monday June 06, 2016 collected $786,600 from the sale of 20,000 shares at $40 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering AHS stock at the going market price of $41.17/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.51 in earnings per share (EPS). That would represent a 34.21% year-over-year increase. Revenue for the same period is expected to arrive at $454.87M.
Earnings Roundup: In the last fiscal quarter alone, AMN Healthcare Services Inc. generated around $468M in revenue and net income of $0.6/share. That compares with the consensus estimate $446.48M and $0.5/share, respectively. For the prior quarter revenue for the company hit $402.55M, with earnings at $0.47/share.
Analyst Coverage: Lake Street has been a brokerage house following shares of AMN Healthcare Services Inc. (AHS), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Lake Street, in a note issued to clients on Tuesday May 31, 2016. There was another key note issued by UBS on Tuesday March 24, 2015. The firm lifted its rating on AHS from Neutral to Buy.
Price Momentum: Despite the 1.18% increase in value, the stock’s new closing price represents a 0.41% rise in value from company’s one year high of $41.37. The stock is currently holding above its 50 day moving average of $14.53 and above its 200 day moving average of $36.73. Over the last three months and over the last six months, the shares of AMN Healthcare Services Inc. (AHS), have changed 30.73% and 31.58%, respectively.