Truist Financial Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price objective decreased by investment analysts at Truist Financial from $47.00 to $40.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 50.52% from the stock’s current price.

Other research analysts have also issued reports about the company. BMO Capital Markets reduced their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. JMP Securities reissued a “market outperform” rating and issued a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group dropped their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.33.

AMN Healthcare Services Trading Up 2.8 %

Shares of AMN stock traded up $0.74 during trading hours on Friday, reaching $26.58. The company had a trading volume of 1,368,099 shares, compared to its average volume of 852,777. The company has a 50 day moving average of $25.40 and a 200 day moving average of $35.38. 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 market cap of $1.01 billion, a price-to-earnings ratio of 19.32 and a beta of 0.07. AMN Healthcare Services has a 1-year low of $22.47 and a 1-year high of $70.07.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. On average, equities research analysts anticipate that AMN Healthcare Services will post 3.07 EPS for the current year.

Institutional Trading of AMN Healthcare Services

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at about $1,609,000. PharVision Advisers LLC acquired a new position in AMN Healthcare Services during the 4th quarter valued at about $570,000. White Knight Strategic Wealth Advisors LLC boosted its stake in AMN Healthcare Services by 60.9% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 25,650 shares of the company’s stock valued at $614,000 after purchasing an additional 9,710 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in AMN Healthcare Services during the 4th quarter valued at about $12,685,000. Finally, Squarepoint Ops LLC acquired a new position in AMN Healthcare Services during the 4th quarter valued at about $238,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.