Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) Target Price at $67.83

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $67.83.

A number of equities analysts recently weighed in on AMN shares. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. BMO Capital Markets upped their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reiterated a “market outperform” rating and set a $66.00 price objective on shares of AMN Healthcare Services in a research note on Friday. Finally, UBS Group cut their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $38.32 on Wednesday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 10.30 and a beta of 0.11. AMN Healthcare Services has a twelve month low of $38.08 and a twelve month high of $87.68. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average of $50.87 and a 200 day moving average of $54.48.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.38 EPS. Sell-side analysts anticipate that AMN Healthcare Services will post 3.26 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently made changes to their positions in the stock. Bridgewater Associates LP grew its position in shares of AMN Healthcare Services by 12.2% in the fourth quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock valued at $18,050,000 after purchasing an additional 26,300 shares in the last quarter. UBS Group AG grew its position in shares of AMN Healthcare Services by 79.7% in the fourth quarter. UBS Group AG now owns 114,500 shares of the company’s stock valued at $8,574,000 after purchasing an additional 50,775 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of AMN Healthcare Services by 20.2% in the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock valued at $16,664,000 after purchasing an additional 44,740 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of AMN Healthcare Services by 60.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 289,066 shares of the company’s stock valued at $21,645,000 after purchasing an additional 108,657 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $45,481,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.