Benchmark Reiterates Hold Rating for AMN Healthcare Services (NYSE:AMN)

Benchmark reissued their hold rating on shares of AMN Healthcare Services (NYSE:AMN) in a report released on Wednesday morning, Benzinga reports.

A number of other brokerages have also commented on AMN. JMP Securities decreased their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a market outperform rating on the stock in a research report on Tuesday, August 13th. StockNews.com downgraded AMN Healthcare Services from a hold rating to a sell rating in a research note on Wednesday, July 31st. UBS Group cut their price target on AMN Healthcare Services from $66.00 to $65.00 and set a neutral rating on the stock in a research note on Friday, August 9th. Finally, BMO Capital Markets increased their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the company an outperform rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $67.83.

AMN Healthcare Services Trading Down 0.2 %

AMN stock opened at $38.32 on Wednesday. The firm has a market cap of $1.46 billion, a P/E ratio of 10.30 and a beta of 0.11. AMN Healthcare Services has a 1-year low of $38.08 and a 1-year high of $87.68. The business’s 50 day moving average is $50.87 and its 200-day moving average is $54.56. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. AMN Healthcare Services’s revenue for the quarter was down 25.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.38 EPS. Equities analysts anticipate that AMN Healthcare Services will post 3.26 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in AMN Healthcare Services by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after buying an additional 37,676 shares during the period. Pacer Advisors Inc. acquired a new stake in AMN Healthcare Services during the 2nd quarter worth $99,349,000. Thrivent Financial for Lutherans raised its stake in AMN Healthcare Services by 3,753.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after buying an additional 1,230,543 shares during the period. Swedbank AB bought a new position in AMN Healthcare Services during the 1st quarter worth about $70,617,000. Finally, Dimensional Fund Advisors LP increased its holdings in AMN Healthcare Services by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock worth $53,468,000 after purchasing an additional 37,760 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.