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

AMN Healthcare Services, Inc. (NYSE:AMN) has earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $48.33.

A number of research firms have recently weighed in on AMN. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Truist Financial lowered their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

AMN Healthcare Services Stock Down 0.6 %

NYSE:AMN opened at $27.02 on Monday. AMN Healthcare Services has a fifty-two week low of $23.37 and a fifty-two week high of $80.22. The stock has a market capitalization of $1.03 billion, a P/E ratio of 19.58 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The company’s 50-day simple moving average is $32.79 and its 200-day simple moving average is $45.32.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results 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. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The business had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same period last year, the business earned $1.97 EPS. On average, equities analysts anticipate that AMN Healthcare Services will post 3.07 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of AMN Healthcare Services during the 3rd quarter valued at approximately $30,000. Nisa Investment Advisors LLC increased its holdings in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after purchasing an additional 219 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of AMN Healthcare Services during the 2nd quarter valued at approximately $65,000. Farther Finance Advisors LLC increased its holdings in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Quarry LP increased its holdings in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after acquiring an additional 654 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.