AMN Healthcare Services, Inc. (NYSE:AMN) Receives $67.83 Average Price Target from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $67.83.

Several brokerages recently issued reports on AMN. JMP Securities cut their price target on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a report on Tuesday, August 13th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Bank of America raised their price target on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors and hedge funds have recently made changes to their positions in AMN. Quarry LP increased its position in AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares during the period. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services during the 2nd quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in shares of AMN Healthcare Services during the fourth quarter worth approximately $49,000. Nisa Investment Advisors LLC raised its stake in shares of 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. Finally, Geneos Wealth Management Inc. acquired a new position in AMN Healthcare Services in the first quarter valued at approximately $58,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Up 0.1 %

Shares of AMN opened at $45.70 on Friday. 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 market cap of $1.74 billion, a PE ratio of 12.28 and a beta of 0.13. AMN Healthcare Services has a 1 year low of $43.00 and a 1 year high of $89.21. The stock has a 50 day simple moving average of $54.97 and a 200-day simple moving average of $56.64.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business’s revenue for the quarter was down 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 earnings per share. On average, sell-side analysts predict that AMN Healthcare Services will post 3.26 EPS for the current fiscal year.

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.