BMO Capital Markets Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $46.00

AMN Healthcare Services (NYSE:AMN) had its price objective reduced by BMO Capital Markets from $50.00 to $46.00 in a research note issued to investors on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts have also weighed in on AMN. UBS Group lowered 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 note on Friday, August 9th. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, JMP Securities reduced their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.33.

AMN Healthcare Services Stock Down 5.7 %

NYSE:AMN opened at $24.60 on Monday. The firm’s 50 day simple moving average is $40.52 and its 200 day simple moving average is $50.36. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.23. AMN Healthcare Services has a one year low of $24.35 and a one year high of $80.22. The company has a market cap of $936.52 million, a PE ratio of 17.83 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. During the same quarter last year, the business earned $1.97 EPS. On average, research analysts anticipate that AMN Healthcare Services will post 3.11 earnings per share for the current year.

Insiders Place Their Bets

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after acquiring an additional 2,801,663 shares during the period. 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 stake in AMN Healthcare Services by 3,753.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after acquiring an additional 1,230,543 shares during the period. Swedbank AB bought a new stake in AMN Healthcare Services in the 1st quarter valued at about $70,617,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at about $45,481,000. 99.23% of the stock is owned by hedge funds and other 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.