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

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $48.33.

A number of equities analysts have recently issued reports on AMN shares. BMO Capital Markets lowered their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Jefferies Financial Group dropped their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Truist Financial decreased their price target on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, JMP Securities dropped their price objective on 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.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $26.52 on Friday. The business has a 50 day moving average of $27.19 and a 200-day moving average of $41.66. The company has a market capitalization of $1.01 billion, a P/E ratio of 19.22 and a beta of 0.05. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the prior year, the company posted $1.97 EPS. On average, equities research analysts predict that AMN Healthcare Services will post 3.07 earnings per share for the current year.

Insider Buying and Selling

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMN. Nordea Investment Management AB lifted its position in shares of AMN Healthcare Services by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 82,825 shares of the company’s stock valued at $1,994,000 after purchasing an additional 3,944 shares in the last quarter. GAMMA Investing LLC increased its stake in AMN Healthcare Services by 189.6% in the 4th quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock valued at $72,000 after buying an additional 1,976 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of AMN Healthcare Services by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,065 shares of the company’s stock worth $6,361,000 after buying an additional 53,317 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of AMN Healthcare Services by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock worth $9,593,000 after buying an additional 7,628 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of AMN Healthcare Services by 279.2% in the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock valued at $3,891,000 after acquiring an additional 67,595 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

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.