Truist Financial Lowers AMN Healthcare Services (NYSE:AMN) Price Target to $40.00

AMN Healthcare Services (NYSE:AMN) had its price target dropped by equities researchers at Truist Financial from $47.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 45.47% from the company’s previous close.

Several other brokerages have also issued reports on AMN. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Jefferies Financial Group cut their price objective 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. BMO Capital Markets cut their price objective 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and a consensus price target of $43.33.

AMN Healthcare Services Price Performance

AMN opened at $27.50 on Friday. The company has a fifty day moving average price of $25.40 and a two-hundred day moving average price of $34.96. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The firm has a market capitalization of $1.05 billion, a PE ratio of -7.14 and a beta of 0.07.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 14.49%. The company had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. As a group, analysts anticipate that AMN Healthcare Services will post 1.35 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after buying an additional 377 shares in the last quarter. Cresset Asset Management LLC lifted its position in AMN Healthcare Services by 5.6% during the 4th quarter. Cresset Asset Management LLC now owns 10,761 shares of the company’s stock worth $257,000 after buying an additional 566 shares in the last quarter. Quarry LP increased its stake in shares of AMN Healthcare Services by 48.4% during the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after purchasing an additional 654 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of AMN Healthcare Services during the 3rd quarter worth about $30,000. Finally, Blue Trust Inc. increased its stake in shares of AMN Healthcare Services by 46.3% during the 4th 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 last quarter. 99.23% of the stock is owned by institutional investors.

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.