Professional
Added to YB: 2024-05-17
Pitch date: 2024-05-10
AMN [bullish]
AMN Healthcare Services, Inc.
-35.53%
current return
Author Info
No bio for this author
Company Info
AMN Healthcare Services, Inc. provides technology-enabled healthcare workforce solutions and staffing services to acute and sub-acute care hospitals, and other healthcare facilities in the United States.
Market Cap
$1.3B
Pitch Price
$55.48
Price Target
95.00 (+166%)
Dividend
N/A
EV/EBITDA
5.17
P/E
-41.42
EV/Sales
0.46
Sector
Health Care Providers and Services
Category
turnaround
AMN Healthcare Services, Inc.: Healthy Utilization May Aid Turnaround, Despite Near-Term Pressures
AMN Healthcare (AMN): Near-term pressure on contingent labor spend, but strong network effect moat remains. Revenue -27% YoY, travel nurse -44%. Expect turnaround in 2025 on rising healthcare utilization. Focused on product enhancements to mitigate headwinds. Long-term demand robust as utilization outpaces nurse supply. Reduced FVE to $95 on lower margin projections. High uncertainty rating reflects economic cyclicality, but sound capital allocation. Acquisitions fortify moat.
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