AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $75.57.

Several research analysts have commented on the stock. Truist Financial decreased their price objective on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. JMP Securities reaffirmed a “market outperform” rating and set a $75.00 price objective on shares of AMN Healthcare Services in a research report on Friday, May 10th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Finally, StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.

AMN Healthcare Services Stock Down 0.3 %

Shares of NYSE:AMN opened at $52.99 on Monday. AMN Healthcare Services has a 12-month low of $51.56 and a 12-month high of $112.44. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. The stock’s 50-day moving average price is $56.58 and its 200-day moving average price is $63.84. The stock has a market capitalization of $2.01 billion, a P/E ratio of 14.24 and a beta of 0.17.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The firm had revenue of $820.90 million for the quarter, compared to analysts’ expectations of $816.54 million. During the same quarter last year, the business earned $2.49 earnings per share. The business’s revenue was down 27.1% on a year-over-year basis. On average, equities analysts anticipate that AMN Healthcare Services will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its position in shares of AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at $31,000. Quarry LP lifted its holdings in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of AMN Healthcare Services during the 4th quarter worth about $49,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of AMN Healthcare Services during the 1st quarter worth about $58,000. 99.23% of the stock is owned by institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.