AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $50.00 at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its price objective lowered by investment analysts at Truist Financial from $70.00 to $50.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 26.10% from the stock’s previous close.

A number of other research analysts have also commented on the stock. StockNews.com lowered shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. BMO Capital Markets upped their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, August 12th. JMP Securities reaffirmed a “market outperform” rating and set a $66.00 target price on shares of AMN Healthcare Services in a report on Friday, October 4th. Finally, Benchmark reissued 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, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.17.

AMN Healthcare Services Stock Up 0.2 %

AMN opened at $39.65 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. AMN Healthcare Services has a 12 month low of $36.50 and a 12 month high of $80.22. The stock’s 50 day moving average price is $45.63 and its 200 day moving average price is $52.67. The stock has a market cap of $1.51 billion, a P/E ratio of 10.66 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million for 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 company’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period last year, the company earned $2.38 earnings per share. As a group, research analysts predict that AMN Healthcare Services will post 3.21 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of AMN Healthcare Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock worth $318,353,000 after acquiring an additional 30,513 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in AMN Healthcare Services during the 4th quarter valued at $373,000. Thompson Investment Management Inc. lifted its holdings in shares of AMN Healthcare Services by 6.3% in the first quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock valued at $2,908,000 after purchasing an additional 2,758 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of AMN Healthcare Services in the first quarter worth $254,000. Finally, Tributary Capital Management LLC grew its holdings in shares of AMN Healthcare Services by 20.2% during the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock valued at $16,664,000 after buying an additional 44,740 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.