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

AMN Healthcare Services, Inc. (NYSE:AMN) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One 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 price objective among brokerages that have issued ratings on the stock in the last year is $48.33.

AMN has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial decreased their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. JMP Securities decreased their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a report on Tuesday, October 22nd. 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. Finally, UBS Group decreased their target price 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.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMN. FMR LLC raised its stake in AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares during the period. Vanguard Group Inc. increased its stake in AMN Healthcare Services by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after buying an additional 37,676 shares during the period. Pacer Advisors Inc. purchased a new stake in AMN Healthcare Services during the 2nd quarter worth approximately $99,349,000. State Street Corp grew its holdings in AMN Healthcare Services by 1.1% during the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after acquiring an additional 16,075 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in AMN Healthcare Services by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock worth $54,831,000 after acquiring an additional 30,157 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $24.80 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average of $38.73 and a 200-day moving average of $49.30. The firm has a market cap of $944.04 million, a P/E ratio of 17.97 and a beta of 0.13. AMN Healthcare Services has a 1-year low of $23.37 and a 1-year high of $80.22.

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 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 company had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same period in the prior year, the firm earned $1.97 earnings per share. Sell-side analysts expect that AMN Healthcare Services will post 3.09 EPS for the current year.

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.