AMN Healthcare Services, Inc. (NYSE:AMN) Given Consensus Rating of “Hold” by Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $48.33.

Several research analysts recently commented on the stock. Truist Financial cut their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Finally, JMP Securities reduced their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a report on Tuesday, October 22nd.

Insider Transactions at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in AMN Healthcare Services in the third quarter valued at about $30,000. Mather Group LLC. acquired a new position in shares of AMN Healthcare Services in the 2nd quarter worth approximately $31,000. Nisa Investment Advisors LLC grew its position in AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after acquiring an additional 219 shares during the last quarter. GAMMA Investing LLC boosted its position in AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after buying an additional 811 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in AMN Healthcare Services by 455.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after buying an additional 1,224 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $24.80 on Thursday. The company has a market capitalization of $944.04 million, a PE ratio of 17.97 and a beta of 0.13. AMN Healthcare Services has a 52-week low of $23.37 and a 52-week high of $80.22. The company has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $49.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The company had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same period last year, the company earned $1.97 EPS. Equities research analysts predict that AMN Healthcare Services will post 3.09 earnings per share for the current fiscal year.

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.