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

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities 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 issued ratings on the stock in the last year is $44.50.

Several research analysts have recently commented on the company. Jefferies Financial Group reduced their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Truist Financial reduced their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. BMO Capital Markets reduced their price objective 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday.

AMN Healthcare Services Stock Down 2.1 %

Shares of AMN opened at $26.05 on Tuesday. The company has a market capitalization of $991.69 million, a P/E ratio of 18.88 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. AMN Healthcare Services has a one year low of $22.47 and a one year high of $79.74. The business’s 50 day simple moving average is $25.99 and its 200-day simple moving average is $38.21.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business earned $1.97 EPS. As a group, sell-side analysts predict that AMN Healthcare Services will post 3.07 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its stake in AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after buying an additional 2,801,663 shares during the period. WCM Investment Management LLC raised its stake in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after buying an additional 550,427 shares during the period. Reinhart Partners LLC. acquired a new stake in AMN Healthcare Services during the 4th quarter worth $12,341,000. Wellington Management Group LLP raised its stake in AMN Healthcare Services by 54.5% during the 3rd quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock worth $32,768,000 after buying an additional 272,552 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in AMN Healthcare Services during the 3rd quarter worth $10,026,000. 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.