Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) PT at $48.33

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One research 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 brokerages that have updated their coverage on the stock in the last year is $48.33.

Several analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. JMP Securities lowered their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd. 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. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated 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. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is owned by insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds have recently bought and sold shares of the stock. Versor Investments LP acquired a new position in shares of AMN Healthcare Services in the 3rd quarter valued at $818,000. Anthracite Investment Company Inc. acquired a new position in shares of AMN Healthcare Services in the third quarter worth about $1,696,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of AMN Healthcare Services in the third quarter worth about $1,892,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of AMN Healthcare Services by 23.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after acquiring an additional 209,180 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of AMN Healthcare Services by 285.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after acquiring an additional 58,830 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $26.98 on Friday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 19.55 and a beta of 0.05. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $79.74. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The company’s 50 day moving average is $26.76 and its 200 day moving average is $41.28.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to the consensus estimate 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 last year, the business posted $1.97 EPS. On average, sell-side analysts anticipate that AMN Healthcare Services will post 3.07 EPS for the current fiscal year.

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.