AMN Healthcare Services (NYSE:AMN) Earns Market Outperform Rating from JMP Securities

AMN Healthcare Services (NYSE:AMN)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a research report issued on Thursday,Benzinga reports. They presently have a $34.00 price target on the stock. JMP Securities’ price objective points to a potential upside of 34.71% from the stock’s previous close.

Several other analysts have also commented on the company. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report 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 for the company in a research report on Monday, November 11th. Truist Financial dropped their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group reduced their target price 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.50.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $25.24 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $960.89 million, a price-to-earnings ratio of 18.29 and a beta of 0.07. The business has a 50-day simple moving average of $25.99 and a two-hundred day simple moving average of $38.12. AMN Healthcare Services has a fifty-two week low of $22.47 and a fifty-two week high of $79.74.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating 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 analysts’ expectations of $670.08 million. During the same period in the previous year, the company earned $1.97 earnings per share. On average, analysts expect that AMN Healthcare Services will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares during the period. WCM Investment Management LLC raised its holdings in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after acquiring an additional 550,427 shares during the period. Reinhart Partners LLC. purchased a new position in shares of AMN Healthcare Services in the fourth quarter valued at about $12,341,000. Wellington Management Group LLP boosted its stake in shares of AMN Healthcare Services by 54.5% in the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock worth $32,768,000 after acquiring an additional 272,552 shares during the period. Finally, Weiss Asset Management LP purchased a new stake in shares of AMN Healthcare Services during the third quarter worth about $10,026,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.