Zacks Research Downgrades AMN Healthcare Services (NYSE:AMN) to Hold

AMN Healthcare Services (NYSE:AMN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also commented on AMN. Wall Street Zen upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Robert W. Baird increased their target price on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. UBS Group lifted their target price on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.29.

AMN Healthcare Services Price Performance

AMN stock opened at $25.65 on Wednesday. The stock has a market cap of $994.82 million, a price-to-earnings ratio of -29.48, a price-to-earnings-growth ratio of 0.66 and a beta of 0.30. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $31.65. The business has a fifty day moving average of $21.28 and a two-hundred day moving average of $19.08.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.45 EPS. AMN Healthcare Services’s revenue was up 99.9% on a year-over-year basis. As a group, research analysts anticipate that AMN Healthcare Services will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in AMN Healthcare Services by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,388,431 shares of the company’s stock valued at $84,960,000 after purchasing an additional 16,315 shares in the last quarter. Millennium Management LLC grew its position in shares of AMN Healthcare Services by 55.8% during the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after buying an additional 718,048 shares in the last quarter. State Street Corp increased its stake in shares of AMN Healthcare Services by 1.8% during the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after buying an additional 28,479 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of AMN Healthcare Services by 1,278.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock worth $25,708,000 after buying an additional 1,300,005 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after acquiring an additional 463,100 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 (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.