Truist Financial Lowers AMN Healthcare Services (NYSE:AMN) Price Target to $50.00

AMN Healthcare Services (NYSE:AMN) had its price objective lowered by equities researchers at Truist Financial from $70.00 to $50.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 26.10% from the company’s current price.

A number of other equities analysts have also recently weighed in on AMN. UBS Group decreased their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. BMO Capital Markets increased their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $66.00 price target on shares of AMN Healthcare Services in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $60.17.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $39.65 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. AMN Healthcare Services has a 1-year low of $36.50 and a 1-year high of $80.22. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 10.66 and a beta of 0.11. The business has a 50-day moving average of $45.63 and a 200-day moving average of $52.67.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million during the quarter, compared to the consensus estimate of $740.43 million. During the same quarter last year, the company earned $2.38 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 25.3% on a year-over-year basis. On average, equities analysts anticipate that AMN Healthcare Services will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMN. Mather Group LLC. acquired a new stake in AMN Healthcare Services during the second quarter worth about $31,000. Nisa Investment Advisors LLC lifted its holdings in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in AMN Healthcare Services during the 1st quarter valued at approximately $58,000. GAMMA Investing LLC grew its stake in AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after buying an additional 811 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in AMN Healthcare Services in the second quarter worth $65,000. 99.23% of the stock is owned by institutional investors and hedge funds.

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.