AMN Healthcare Services, Inc. (NYSE:AMN) Receives Consensus Rating of “Hold” from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $48.33.

Several brokerages have recently commented on AMN. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. BMO Capital Markets reduced their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Truist Financial reduced their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group reduced their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. 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 on the stock in a research report on Tuesday, October 22nd.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in AMN Healthcare Services during the 3rd quarter worth $30,000. Farther Finance Advisors LLC increased its position in shares of AMN Healthcare Services by 455.0% in the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after purchasing an additional 1,224 shares during the period. Quarry LP increased its position in shares of AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after purchasing an additional 654 shares during the period. Blue Trust Inc. increased its position in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after purchasing an additional 754 shares during the period. Finally, KBC Group NV increased its position in shares of AMN Healthcare Services by 110.9% in the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after purchasing an additional 1,303 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 2.6 %

Shares of AMN stock opened at $26.80 on Tuesday. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $79.74. The firm’s fifty day simple moving average is $25.99 and its 200 day simple moving average is $38.71. The firm has a market capitalization of $1.02 billion, a P/E ratio of 19.42 and a beta of 0.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the previous year, the firm posted $1.97 earnings per share. As a group, sell-side analysts predict that AMN Healthcare Services will post 3.07 EPS for the current year.

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.