AMN Healthcare Services (NYSE:AMN) Earns “Market Outperform” Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of AMN Healthcare Services (NYSE:AMN) in a report published on Friday, Benzinga reports. They currently have a $66.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the company. Benchmark reissued a hold rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. UBS Group reduced their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a neutral rating for the company in a report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an outperform rating in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of AMN Healthcare Services from a hold rating to a sell rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services has a consensus rating of Hold and an average price target of $67.83.

AMN Healthcare Services Trading Down 0.2 %

AMN opened at $38.32 on Friday. AMN Healthcare Services has a twelve month low of $38.08 and a twelve month high of $87.68. The firm has a market cap of $1.46 billion, a PE ratio of 10.30 and a beta of 0.11. 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 firm’s fifty day moving average is $50.87 and its two-hundred day moving average is $54.48.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgewater Associates LP grew its position in AMN Healthcare Services by 12.2% in 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 during the period. Tributary Capital Management LLC lifted its stake in shares of AMN Healthcare Services by 20.2% during the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after purchasing an additional 44,740 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AMN Healthcare Services during the second quarter valued at about $45,481,000. Congress Asset Management Co. MA grew its stake in AMN Healthcare Services by 16.5% during the 4th quarter. Congress Asset Management Co. MA now owns 384,915 shares of the company’s stock worth $28,822,000 after buying an additional 54,641 shares during the last quarter. Finally, Scout Investments Inc. acquired a new stake in AMN Healthcare Services in the 4th quarter worth approximately $8,393,000. Institutional investors own 99.23% of the company’s stock.

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.