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

AMN Healthcare Services, Inc. (NYSE:AMN) has received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.08.

A number of equities research analysts have recently commented on the company. Truist Financial lowered their target price on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, UBS Group cut their price objective on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of AMN. Golden State Wealth Management LLC raised its holdings in shares of AMN Healthcare Services by 107.0% during the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company’s stock valued at $28,000 after acquiring an additional 599 shares in the last quarter. Jones Financial Companies Lllp grew its stake in 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. Caitong International Asset Management Co. Ltd grew its stake in AMN Healthcare Services by 3,142.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company’s stock worth $37,000 after purchasing an additional 1,477 shares during the period. LRI Investments LLC grew its stake in shares of AMN Healthcare Services by 368.2% in the fourth 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 last quarter. Finally, Blue Trust Inc. grew its stake 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 acquiring an additional 754 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN opened at $22.40 on Thursday. AMN Healthcare Services has a 12-month low of $17.45 and a 12-month high of $70.07. The business’s fifty day moving average is $21.38 and its 200 day moving average is $24.64. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market cap of $857.58 million, a P/E ratio of -5.82 and a beta of 0.16.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The business had revenue of $689.53 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same period last year, the business earned $0.97 EPS. The business’s revenue was down 16.0% on a year-over-year basis. Sell-side analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

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.