AMN Healthcare Services Inc (NYSE:AMN) Receives $21.42 Average Target Price from Analysts

Shares of AMN Healthcare Services Inc (NYSE:AMN) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.4167.

A number of analysts recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a research report on Friday, December 19th. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. UBS Group lifted their price target on shares of AMN Healthcare Services from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Bank of America cut their price objective on shares of AMN Healthcare Services from $20.00 to $18.00 and set an “underperform” rating on the stock in a report on Wednesday, September 10th. Finally, Truist Financial raised their price objective on shares of AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, October 13th.

AMN Healthcare Services Stock Performance

AMN stock opened at $16.13 on Friday. The company has a 50 day moving average price of $17.43 and a 200 day moving average price of $19.01. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $30.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $619.36 million, a PE ratio of -2.24 and a beta of 0.21.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.19 by $0.20. The company had revenue of $634.50 million during the quarter, compared to analysts’ expectations of $618.08 million. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. Analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently made changes to their positions in AMN. American Century Companies Inc. increased its holdings in AMN Healthcare Services by 9.7% in the first quarter. American Century Companies Inc. now owns 75,945 shares of the company’s stock valued at $1,858,000 after purchasing an additional 6,699 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of AMN Healthcare Services during the 1st quarter worth about $381,000. Jump Financial LLC increased its stake in shares of AMN Healthcare Services by 97.2% in the 1st quarter. Jump Financial LLC now owns 49,300 shares of the company’s stock valued at $1,206,000 after acquiring an additional 24,300 shares during the last quarter. Comerica Bank raised its position in shares of AMN Healthcare Services by 10.4% in the 1st quarter. Comerica Bank now owns 18,841 shares of the company’s stock valued at $461,000 after acquiring an additional 1,770 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of AMN Healthcare Services in the 1st quarter valued at approximately $3,248,000. 99.23% of the stock is owned by institutional investors and hedge funds.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.