Analysts Set AMN Healthcare Services Inc (NYSE:AMN) PT at $21.42

AMN Healthcare Services Inc (NYSE:AMN) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.4167.

A number of analysts recently weighed in on AMN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 8th. Truist Financial boosted their price objective on AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, UBS Group boosted their price target on AMN Healthcare Services from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Friday, November 7th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in AMN Healthcare Services during the 3rd quarter valued at $116,000. CIBC Bancorp USA Inc. purchased a new position in AMN Healthcare Services in the 3rd quarter valued at about $838,000. Tweedy Browne Co LLC acquired a new stake in shares of AMN Healthcare Services during the third quarter valued at about $300,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of AMN Healthcare Services by 92.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 65,593 shares of the company’s stock worth $1,270,000 after acquiring an additional 31,453 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in AMN Healthcare Services in the third quarter valued at about $19,176,000. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Trading Down 1.6%

NYSE AMN opened at $15.77 on Friday. AMN Healthcare Services has a one year low of $14.86 and a one year high of $30.49. The company’s 50 day moving average price is $17.09 and its 200 day moving average price is $18.89. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $605.73 million, a price-to-earnings ratio of -2.19 and a beta of 0.20.

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

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.