AMN Healthcare Services, Inc. (NYSE:AMN) Receives $48.33 Average Price Target from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given an average rating of “Hold” by the eight research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $48.33.

AMN has been the topic of several recent analyst reports. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Jefferies Financial Group dropped their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Truist Financial reduced their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JMP Securities dropped their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets reduced their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th.

AMN Healthcare Services Trading Down 0.0 %

NYSE:AMN opened at $22.94 on Monday. AMN Healthcare Services has a one year low of $22.58 and a one year high of $80.22. The company has a market cap of $873.42 million, a PE ratio of 16.62 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50-day moving average of $31.28 and a 200-day moving average of $44.37.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. During the same period in the previous year, the company posted $1.97 EPS. As a group, equities research analysts expect that AMN Healthcare Services will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in AMN Healthcare Services by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock valued at $9,593,000 after buying an additional 7,628 shares in the last quarter. Barclays PLC boosted its position in shares of AMN Healthcare Services by 279.2% in the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock valued at $3,891,000 after acquiring an additional 67,595 shares during the period. MML Investors Services LLC increased its holdings in AMN Healthcare Services by 7.8% during the 3rd quarter. MML Investors Services LLC now owns 24,694 shares of the company’s stock worth $1,047,000 after acquiring an additional 1,790 shares during the period. Wellington Management Group LLP lifted its stake in AMN Healthcare Services by 54.5% in the 3rd quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock worth $32,768,000 after purchasing an additional 272,552 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of AMN Healthcare Services during the 3rd quarter valued at $10,026,000. 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.