AMN Healthcare Services, Inc. (NYSE:AMN) Given Average Rating of “Hold” by Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.17.

AMN has been the topic of a number of research analyst reports. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities dropped their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. UBS Group decreased their price objective 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. Finally, BMO Capital Markets raised 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.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $39.67 on Friday. AMN Healthcare Services has a twelve month low of $36.50 and a twelve month high of $80.22. The company’s 50 day moving average is $44.88 and its 200 day moving average is $52.30. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.51 billion, a PE ratio of 10.66 and a beta of 0.11.

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 business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business’s revenue was down 25.3% on a year-over-year basis. During the same quarter last year, the company earned $2.38 EPS. On average, sell-side analysts forecast that AMN Healthcare Services will post 3.21 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in AMN Healthcare Services by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock valued at $318,353,000 after acquiring an additional 30,513 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in AMN Healthcare Services in the 1st quarter valued at about $254,000. Tributary Capital Management LLC grew its position in AMN Healthcare Services by 20.2% in the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock valued at $16,664,000 after acquiring an additional 44,740 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in AMN Healthcare Services by 19.2% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,184 shares of the company’s stock valued at $574,000 after acquiring an additional 1,478 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in AMN Healthcare Services by 20.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,180 shares of the company’s stock valued at $4,137,000 after acquiring an additional 11,314 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.