AMN Healthcare Services, Inc. (NYSE:AMN) Receives $75.57 Consensus Target Price from Analysts

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $75.57.

A number of research analysts have issued reports on AMN shares. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. Bank of America upped their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Truist Financial reduced their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Finally, JMP Securities restated a “market outperform” rating and issued a $75.00 price objective on shares of AMN Healthcare Services in a research note on Friday, May 10th.

AMN Healthcare Services Trading Up 0.6 %

Shares of AMN Healthcare Services stock opened at $53.56 on Monday. The stock has a fifty day simple moving average of $56.38 and a 200 day simple moving average of $63.55. AMN Healthcare Services has a 12-month low of $51.56 and a 12-month high of $112.44. The company has a market capitalization of $2.04 billion, a P/E ratio of 14.40 and a beta of 0.17. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The business had revenue of $820.90 million during the quarter, compared to the consensus estimate of $816.54 million. During the same quarter in the prior year, the company posted $2.49 earnings per share. AMN Healthcare Services’s revenue was down 27.1% compared to the same quarter last year. On average, sell-side analysts anticipate that AMN Healthcare Services will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in AMN Healthcare Services during the 4th quarter worth about $5,361,000. American Century Companies Inc. lifted its holdings in AMN Healthcare Services by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 177,151 shares of the company’s stock worth $15,090,000 after purchasing an additional 20,510 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in AMN Healthcare Services by 145.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after purchasing an additional 828,390 shares in the last quarter. Boston Partners lifted its holdings in AMN Healthcare Services by 102.7% during the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after purchasing an additional 1,461,541 shares in the last quarter. Finally, Bridgewater Associates LP lifted its holdings in AMN Healthcare Services by 12.2% during the 4th quarter. Bridgewater Associates LP now owns 241,047 shares of the company’s stock worth $18,050,000 after purchasing an additional 26,300 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

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.