AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Recommendation of “Hold” from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $41.17.

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. Truist Financial decreased their price objective on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Finally, BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

AMN Healthcare Services Stock Down 4.7 %

Shares of AMN Healthcare Services stock opened at $25.33 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock has a market capitalization of $967.33 million, a PE ratio of -6.58 and a beta of 0.07. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $70.07. The company has a 50-day simple moving average of $25.59 and a two-hundred day simple moving average of $34.20.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping 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 negative net margin of 4.93% and a positive return on equity of 15.22%. On average, analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its position in shares of AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after purchasing an additional 377 shares during the period. Cresset Asset Management LLC boosted its position in shares of AMN Healthcare Services by 5.6% in the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company’s stock worth $257,000 after purchasing an additional 566 shares during the period. Quarry LP boosted its position 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 worth $85,000 after purchasing an additional 654 shares during the period. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services in the third quarter worth approximately $30,000. Finally, Blue Trust Inc. boosted its position in shares of AMN Healthcare Services by 46.3% in the fourth 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 period. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.