AMN Healthcare Services (NYSE:AMN) Upgraded to Hold at StockNews.com

AMN Healthcare Services (NYSE:AMN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Several other analysts have also recently weighed in on AMN. Truist Financial reduced their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Finally, Jefferies Financial Group reduced their price target on 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Price Performance

NYSE:AMN traded down $0.70 on Tuesday, hitting $26.17. The company had a trading volume of 1,566,972 shares, compared to its average volume of 942,499. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $996.33 million, a price-to-earnings ratio of -6.80 and a beta of 0.07. The firm has a 50 day moving average of $25.47 and a two-hundred day moving average of $34.31.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. On average, research analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

A number of institutional investors have recently bought and sold shares of AMN. Versor Investments LP bought a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at about $818,000. Anthracite Investment Company Inc. acquired a new position in AMN Healthcare Services in the third quarter valued at approximately $1,696,000. Harbor Capital Advisors Inc. lifted its stake in AMN Healthcare Services by 285.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after buying an additional 58,830 shares during the period. Equitable Trust Co. boosted its holdings in shares of AMN Healthcare Services by 125.4% during the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock worth $515,000 after buying an additional 11,974 shares in the last quarter. Finally, Thompson Investment Management Inc. grew its position in shares of AMN Healthcare Services by 381.8% during the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after buying an additional 235,067 shares during the period. 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.