Jefferies Financial Group Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $27.00

AMN Healthcare Services (NYSE:AMN) had its target price cut by Jefferies Financial Group from $41.00 to $27.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages also recently weighed in on AMN. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. BMO Capital Markets lowered their price target 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. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, UBS Group lowered their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock opened at $23.70 on Wednesday. The stock’s fifty day moving average is $39.51 and its 200 day moving average is $49.85. AMN Healthcare Services has a one year low of $23.37 and a one year high of $80.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.18. The stock has a market cap of $902.35 million, a P/E ratio of 17.17 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the previous year, the firm earned $1.97 EPS. Sell-side analysts anticipate that AMN Healthcare Services will post 3.1 earnings per share for the current year.

Insider Activity at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares during the period. Pacer Advisors Inc. bought a new stake in AMN Healthcare Services in the second quarter worth $99,349,000. Thrivent Financial for Lutherans boosted its stake in AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after buying an additional 1,230,543 shares during the period. Swedbank AB bought a new position in AMN Healthcare Services during the first quarter valued at $70,617,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AMN Healthcare Services in the second quarter valued at $45,481,000. Hedge funds and other 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.