StockNews.com Upgrades AMN Healthcare Services (NYSE:AMN) to Hold

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

Several other equities analysts have also commented on the stock. Jefferies Financial Group dropped 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 note on Wednesday, November 13th. BMO Capital Markets reduced their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Finally, Truist Financial dropped their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $25.99 on Tuesday. The company has a market cap of $992.53 million, a price-to-earnings ratio of -6.75 and a beta of 0.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The company has a fifty day simple moving average of $25.47 and a two-hundred day simple moving average of $34.31.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data 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. The business had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. As a group, equities analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in shares of AMN Healthcare Services during the third quarter worth approximately $30,000. Farther Finance Advisors LLC increased its stake in AMN Healthcare Services by 455.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after buying an additional 1,224 shares during the period. Jones Financial Companies Lllp raised 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 during the last quarter. LRI Investments LLC lifted its stake in shares of AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after acquiring an additional 1,274 shares during the period. Finally, Quarry LP boosted its holdings 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 valued at $85,000 after acquiring an additional 654 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.