AMN Healthcare Services Inc (NYSE:AMN) Stock Has Consensus Price Target of $36.50

AMN Healthcare Services Inc (NYSE:AMN) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.50.

Several analysts recently weighed in on the company. Wall Street Zen downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. Citizens Jmp lifted their target price on AMN Healthcare Services from $36.00 to $40.00 and gave the company a “market outperform” rating in a research report on Friday, August 14th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research report on Friday, August 7th. Finally, Truist Financial boosted their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd.

AMN Healthcare Services Stock Up 2.6%

Shares of AMN opened at $48.03 on Thursday. AMN Healthcare Services has a one year low of $14.97 and a one year high of $48.19. The company has a market cap of $1.86 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.65 and a beta of 0.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $35.93 and a two-hundred day simple moving average of $31.38.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analysts’ expectations of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. Research analysts forecast that AMN Healthcare Services will post 3.32 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in AMN Healthcare Services during the 2nd quarter worth approximately $215,047,000. Arrowstreet Capital Limited Partnership lifted its stake in AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after purchasing an additional 1,300,005 shares during the last quarter. Renaissance Technologies LLC boosted its position in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after buying an additional 463,100 shares in the last quarter. Bank of America Corp DE boosted its position in AMN Healthcare Services by 9.0% in the first quarter. Bank of America Corp DE now owns 587,369 shares of the company’s stock valued at $10,772,000 after buying an additional 48,501 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in AMN Healthcare Services by 25.9% in the first quarter. Systematic Financial Management LP now owns 372,464 shares of the company’s stock valued at $6,831,000 after buying an additional 76,550 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.