AMN Healthcare Services Inc (NYSE:AMN) Receives Average Rating of “Hold” from Brokerages

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $25.2857.

A number of equities research analysts have recently weighed in on AMN shares. BMO Capital Markets lifted their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group boosted their price objective on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Citizens Jmp boosted their price objective on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, February 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMN. Covestor Ltd grew its stake in shares of AMN Healthcare Services by 13.9% during the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock worth $92,000 after buying an additional 579 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after buying an additional 1,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of AMN Healthcare Services by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after buying an additional 1,153 shares during the last quarter. Strengthening Families & Communities LLC grew its stake in shares of AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 1,207 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of AMN Healthcare Services by 3.5% in the third quarter. Intech Investment Management LLC now owns 40,335 shares of the company’s stock worth $781,000 after purchasing an additional 1,355 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Up 4.2%

NYSE AMN opened at $29.09 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $31.65. The company has a 50 day moving average of $22.34 and a 200-day moving average of $19.44. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -33.44, a PEG ratio of 0.69 and a beta of 0.30.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 99.9% on a year-over-year basis. On average, equities research analysts expect that AMN Healthcare Services will post 2.53 earnings per share for the current fiscal year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.