AMN Healthcare Services (NYSE:AMN) Receives Market Outperform Rating from JMP Securities

AMN Healthcare Services (NYSE:AMN)‘s stock had its “market outperform” rating restated by JMP Securities in a report issued on Friday, Benzinga reports. They presently have a $66.00 target price on the stock. JMP Securities’ target price suggests a potential upside of 72.23% from the company’s previous close.

AMN has been the topic of several other reports. UBS Group dropped their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. BMO Capital Markets raised their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday. Finally, StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.83.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $38.32 on Friday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 10.30 and a beta of 0.11. AMN Healthcare Services has a 1-year low of $38.08 and a 1-year high of $87.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The business’s 50-day simple moving average is $50.87 and its 200-day simple moving average is $54.56.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. AMN Healthcare Services’s revenue for the quarter was down 25.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.38 EPS. Equities analysts predict that AMN Healthcare Services will post 3.26 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Several hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in AMN Healthcare Services during the 2nd quarter worth about $31,000. Nisa Investment Advisors LLC grew its holdings in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares in the last quarter. Quarry LP grew its holdings in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after acquiring an additional 204 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of AMN Healthcare Services in the 1st quarter valued at about $58,000. Finally, GAMMA Investing LLC grew its holdings in AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after purchasing an additional 811 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.