AMN Healthcare Services, Inc. (NYSE:AMN) Receives $48.33 Average PT from Analysts

AMN Healthcare Services, Inc. (NYSE:AMN) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $48.33.

Several analysts have recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Truist Financial cut their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 8th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, JMP Securities reduced their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd.

Insider Activity

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s 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 directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMN. Arizona State Retirement System lifted its holdings in shares of AMN Healthcare Services by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after acquiring an additional 221 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in AMN Healthcare Services by 39.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 46,170 shares of the company’s stock valued at $2,365,000 after acquiring an additional 13,097 shares during the period. American Century Companies Inc. grew its position in AMN Healthcare Services by 95.3% in the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after acquiring an additional 378,266 shares in the last quarter. Qsemble Capital Management LP purchased a new stake in AMN Healthcare Services during the second quarter worth about $397,000. Finally, BOKF NA lifted its position in shares of AMN Healthcare Services by 125.5% during the second quarter. BOKF NA now owns 9,554 shares of the company’s stock worth $489,000 after purchasing an additional 5,317 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN opened at $26.08 on Friday. The firm has a fifty day moving average price of $26.28 and a 200 day moving average price of $40.85. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $79.74. The stock has a market cap of $992.97 million, a P/E ratio of 18.90 and a beta of 0.05.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The business 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 business earned $1.97 earnings per share. Equities research analysts anticipate that AMN Healthcare Services will post 3.07 earnings per share for the current year.

AMN Healthcare Services Company Profile

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.