Analysts Set AMN Healthcare Services, Inc. (NYSE:AMN) Price Target at $67.83

AMN Healthcare Services, Inc. (NYSE:AMN) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $67.83.

AMN has been the subject of a number of research analyst reports. UBS Group lowered their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Bank of America raised their price target on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. JMP Securities reduced their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $43.01 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50 day moving average price is $54.80 and its 200 day moving average price is $56.49. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 11.56 and a beta of 0.12. AMN Healthcare Services has a one year low of $42.23 and a one year high of $89.21.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. During the same quarter in the previous year, the company posted $2.38 EPS. The company’s revenue was down 25.3% compared to the same quarter last year. On average, research analysts predict that AMN Healthcare Services will post 3.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMN. Boston Partners grew its stake in AMN Healthcare Services by 102.7% in the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after acquiring an additional 1,461,541 shares during the last quarter. Bridgewater Associates LP increased its stake in shares of AMN Healthcare Services by 12.2% during the 4th quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock worth $18,050,000 after purchasing an additional 26,300 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of AMN Healthcare Services during the 4th quarter worth approximately $1,006,000. UBS Group AG raised its position in shares of AMN Healthcare Services by 79.7% during the 4th quarter. UBS Group AG now owns 114,500 shares of the company’s stock worth $8,574,000 after purchasing an additional 50,775 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its stake in AMN Healthcare Services by 20.2% in the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock valued at $16,664,000 after buying an additional 44,740 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.