AMN Healthcare Services, Inc. (NYSE:AMN) Receives Consensus Rating of “Moderate Buy” from Analysts

AMN Healthcare Services, Inc. (NYSE:AMN) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $75.57.

AMN has been the subject of several recent analyst reports. Truist Financial cut their target price on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, JMP Securities restated a “market outperform” rating and set a $75.00 price objective on shares of AMN Healthcare Services in a research report on Friday, May 10th.

AMN Healthcare Services Price Performance

AMN stock opened at $51.23 on Monday. The stock has a 50-day moving average price of $56.18 and a two-hundred day moving average price of $63.25. The stock has a market cap of $1.95 billion, a PE ratio of 13.77 and a beta of 0.17. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. AMN Healthcare Services has a 1 year low of $49.80 and a 1 year high of $112.44.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The company had revenue of $820.90 million during the quarter, compared to the consensus estimate of $816.54 million. During the same period in the prior year, the business posted $2.49 EPS. The company’s quarterly revenue was down 27.1% on a year-over-year basis. Equities analysts forecast that AMN Healthcare Services will post 3.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in AMN Healthcare Services by 0.9% in the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock valued at $268,117,000 after acquiring an additional 37,676 shares during the last quarter. Boston Partners grew its stake in shares of AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after buying an additional 1,461,541 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of AMN Healthcare Services by 145.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after buying an additional 828,390 shares during the last quarter. Swedbank AB bought a new stake in shares of AMN Healthcare Services during the first quarter worth $70,617,000. Finally, WCM Investment Management LLC grew its stake in shares of AMN Healthcare Services by 107.8% during the first quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock worth $47,820,000 after buying an additional 396,805 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

About AMN Healthcare Services

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.