BMO Capital Markets Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its target price lowered by BMO Capital Markets from $50.00 to $46.00 in a research report released on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

AMN has been the topic of several other research reports. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. JMP Securities lowered 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 report on Tuesday, October 22nd. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Truist Financial dropped their price objective on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, UBS Group dropped their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.33.

AMN Healthcare Services Stock Down 3.0 %

Shares of AMN Healthcare Services stock opened at $23.86 on Monday. The business’s 50 day simple moving average is $40.52 and its 200-day simple moving average is $50.36. The stock has a market capitalization of $908.35 million, a price-to-earnings ratio of 17.29 and a beta of 0.13. The company has a current ratio of 1.18, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. AMN Healthcare Services has a twelve month low of $23.50 and a twelve month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly 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. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same period in the previous year, the business earned $1.97 earnings per share. Equities research analysts forecast that AMN Healthcare Services will post 3.1 earnings per share for the current year.

Insider Activity at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

A number of large investors have recently bought and sold shares of AMN. Mather Group LLC. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new stake in shares of AMN Healthcare Services in the third quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted 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 worth $38,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC boosted 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 last quarter. Finally, Innealta Capital LLC bought a new position in AMN Healthcare Services in the second quarter valued at $65,000. 99.23% of the stock is owned by 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.