AMN Healthcare Services (NYSE:AMN) Price Target Cut to $27.00 by Analysts at Jefferies Financial Group

AMN Healthcare Services (NYSE:AMN) had its target price lowered by research analysts at Jefferies Financial Group from $41.00 to $27.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 7.10% from the company’s previous close.

A number of other equities analysts also recently commented on AMN. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Truist Financial lowered their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, November 8th. JMP Securities reduced their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. UBS Group cut their target price on shares of 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. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.33.

AMN Healthcare Services Price Performance

Shares of AMN stock traded down $0.88 during trading hours on Wednesday, hitting $25.21. 153,634 shares of the company’s stock were exchanged, compared to its average volume of 829,533. The stock’s 50-day moving average is $41.09 and its 200-day moving average is $50.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.23. The stock has a market cap of $959.74 million, a price-to-earnings ratio of 18.04 and a beta of 0.13. AMN Healthcare Services has a 52 week low of $25.10 and a 52 week high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The business had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the prior year, the company earned $1.97 EPS. As a group, research analysts forecast that AMN Healthcare Services will post 3.11 EPS for the current year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in AMN Healthcare Services in the second quarter valued at about $31,000. Nisa Investment Advisors LLC raised its position in shares of AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after purchasing an additional 811 shares during the period. Farther Finance Advisors LLC raised its position in shares of AMN Healthcare Services by 455.0% in the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after purchasing an additional 1,224 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $65,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.