AMN Healthcare Services (NYSE:AMN) Stock Rating Upgraded by StockNews.com

AMN Healthcare Services (NYSE:AMN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets dropped their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Truist Financial lowered their target price on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, JMP Securities restated a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Price Performance

AMN stock opened at $24.57 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $938.34 million, a P/E ratio of -6.38 and a beta of 0.15. The business has a 50 day simple moving average of $25.75 and a 200-day simple moving average of $30.70. AMN Healthcare Services has a twelve month low of $22.47 and a twelve month high of $70.07.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. As a group, equities analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of AMN Healthcare Services during the 4th quarter worth approximately $500,000. Public Employees Retirement System of Ohio purchased a new position in shares of AMN Healthcare Services in the fourth quarter valued at $1,609,000. PharVision Advisers LLC acquired a new position in shares of AMN Healthcare Services during the 4th quarter worth $570,000. White Knight Strategic Wealth Advisors LLC boosted its position in shares of AMN Healthcare Services by 60.9% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 25,650 shares of the company’s stock worth $614,000 after buying an additional 9,710 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in AMN Healthcare Services in the 4th quarter valued at about $12,685,000. 99.23% of the stock is currently 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.