Could AMN Healthcare Services, Inc. (AMN) See a Reversal After Breaking All Highs?

April 17, 2018 - By Winifred Garcia

The stock of AMN Healthcare Services, Inc. (NYSE:AMN) reached all time high today, Apr, 17 and still has $67.96 target or 4.00 % above today’s $65.35 share price. This indicates more upside for the $3.13B company. This technical setup was reported by Barchart.com. If the $67.96 PT is reached, the company will be worth $125.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.68% or $0.45 during the last trading session, reaching $65.35. About 213,841 shares traded. AMN Healthcare Services, Inc. (NYSE:AMN) has risen 42.48% since April 17, 2017 and is uptrending. It has outperformed by 30.93% the S&P500.

Analysts await AMN Healthcare Services, Inc. (NYSE:AMN) to report earnings on May, 3. They expect $0.79 earnings per share, up 25.40 % or $0.16 from last year’s $0.63 per share. AMN’s profit will be $37.78 million for 20.68 P/E if the $0.79 EPS becomes a reality. After $0.63 actual earnings per share reported by AMN Healthcare Services, Inc. for the previous quarter, Wall Street now forecasts 25.40 % EPS growth.

AMN Healthcare Services, Inc. (NYSE:AMN) Ratings Coverage

Among 3 analysts covering AMN Healthcare Services (NYSE:AMN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AMN Healthcare Services had 3 analyst reports since October 25, 2017 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, November 17. The company was maintained on Wednesday, October 25 by Benchmark. On Tuesday, November 7 the stock rating was initiated by Credit Suisse with “Outperform”.

AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services in the United States. The company has market cap of $3.13 billion. The firm operates through three divisions: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. It has a 24.38 P/E ratio. The Company’s services include 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 for four to eight weeks 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.

AMN Healthcare Services, Inc. (NYSE:AMN) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.