Analysts Set AMN Healthcare Services, Inc. (NYSE:AMN) PT at $48.33

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given an average rating of “Hold” by the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $48.33.

Several equities analysts have recently weighed in on AMN shares. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Truist Financial lowered their target price on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, Jefferies Financial Group dropped their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th.

AMN Healthcare Services Price Performance

NYSE AMN opened at $22.94 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $873.42 million, a price-to-earnings ratio of 16.62 and a beta of 0.04. The stock has a 50-day moving average of $31.28 and a 200 day moving average of $44.23. AMN Healthcare Services has a one year low of $22.58 and a one year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same period in the previous year, the company earned $1.97 earnings per share. On average, sell-side analysts forecast that AMN Healthcare Services will post 3.07 EPS for the current year.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of AMN Healthcare Services in the second quarter worth about $99,349,000. State Street Corp boosted its stake in AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after buying an additional 16,075 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in AMN Healthcare Services by 2.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in AMN Healthcare Services by 23.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after acquiring an additional 209,180 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other 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.