AMN Healthcare Services (NYSE:AMN) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Several other brokerages have also recently weighed in on AMN. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday. Truist Financial dropped their price objective on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group dropped their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $26.17 on Tuesday. The firm has a 50-day moving average of $25.47 and a 200-day moving average of $34.31. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock has a market cap of $996.33 million, a PE ratio of -6.80 and a beta of 0.07. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The business had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. On average, sell-side analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in AMN Healthcare Services during the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp grew its holdings in AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after acquiring an additional 377 shares during the last quarter. LRI Investments LLC grew its holdings in 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 acquiring an additional 1,274 shares during the last quarter. Blue Trust Inc. grew its holdings in AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after acquiring an additional 754 shares during the last quarter. Finally, KBC Group NV grew its holdings in AMN Healthcare Services by 110.9% during the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after acquiring an additional 1,303 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

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.