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

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have earned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.20.

AMN has been the subject of several analyst reports. JMP Securities lowered their price objective on 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. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Truist Financial lowered their target price on shares of AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating for the company in a report on Monday, October 21st. Finally, UBS Group cut their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, August 9th.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after buying an additional 219 shares during the last quarter. Arizona State Retirement System increased its stake in shares of AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after purchasing an additional 221 shares during the last quarter. Pitcairn Co. raised its holdings in shares of AMN Healthcare Services by 4.2% in the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock worth $384,000 after purchasing an additional 249 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in AMN Healthcare Services by 3.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock valued at $345,000 after purchasing an additional 252 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in AMN Healthcare Services by 4.1% during the second quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock valued at $360,000 after purchasing an additional 278 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

Shares of AMN opened at $36.90 on Friday. The stock has a market cap of $1.40 billion, a P/E ratio of 14.25 and a beta of 0.11. The business’s fifty day moving average is $43.63 and its 200 day moving average is $51.66. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services has a 12-month low of $36.50 and a 12-month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. During the same period last year, the company earned $2.38 earnings per share. The business’s revenue was down 25.3% on a year-over-year basis. Sell-side analysts anticipate that AMN Healthcare Services will post 3.15 earnings per share for the current fiscal year.

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.