AMN Healthcare Services, Inc. (NYSE:AMN) Receives $41.17 Consensus Target Price from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has received an average rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $41.17.

Several equities analysts have recently issued reports on AMN shares. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and issued a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. Truist Financial decreased their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th.

AMN Healthcare Services Trading Down 2.6 %

Shares of AMN opened at $23.81 on Wednesday. The stock’s 50-day moving average is $25.48 and its two-hundred day moving average is $29.80. The stock has a market cap of $909.39 million, a PE ratio of -6.19 and a beta of 0.15. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. AMN Healthcare Services has a 12 month low of $22.47 and a 12 month high of $70.07.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $734.71 million for the quarter, compared to analysts’ expectations of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. Equities analysts forecast that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMN. Truvestments Capital LLC acquired a new position in shares of AMN Healthcare Services in the third quarter valued at approximately $30,000. Jones Financial Companies Lllp raised its position in AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares in the last quarter. LRI Investments LLC lifted its position in shares of AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after buying an additional 1,274 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after acquiring an additional 1,303 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.