AMN Healthcare Services (NYSE:AMN) Earns “Hold” Rating from Benchmark

AMN Healthcare Services (NYSE:AMN)‘s stock had its “hold” rating reaffirmed by Benchmark in a report issued on Wednesday, Benzinga reports.

Several other research analysts have also weighed in on the stock. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities decreased their price target on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, UBS Group reduced their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Stock Down 0.8 %

Shares of AMN traded down $0.35 during mid-day trading on Wednesday, reaching $40.91. 12,381 shares of the stock traded hands, compared to its average volume of 790,219. The stock has a fifty day simple moving average of $52.31 and a 200 day simple moving average of $55.03. AMN Healthcare Services has a 12-month low of $39.26 and a 12-month high of $87.87. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 11.01 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The firm had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm’s revenue was down 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. Sell-side analysts expect that AMN Healthcare Services will post 3.26 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at about $99,349,000. Thrivent Financial for Lutherans raised its holdings in shares of AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after buying an additional 1,230,543 shares during the last quarter. Swedbank AB acquired a new position in shares of AMN Healthcare Services during the first quarter worth approximately $70,617,000. Vaughan Nelson Investment Management L.P. bought a new position in AMN Healthcare Services in the 2nd quarter worth approximately $45,481,000. Finally, American Century Companies Inc. increased its position in AMN Healthcare Services by 95.3% in the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after acquiring an additional 378,266 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Company Profile

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.