Jefferies Financial Group Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $27.00

AMN Healthcare Services (NYSE:AMN) had its target price cut by Jefferies Financial Group from $41.00 to $27.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages also recently commented on AMN. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets decreased their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $48.33.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $23.71 on Wednesday. The company has a market cap of $902.54 million, a PE ratio of 17.18 and a beta of 0.13. AMN Healthcare Services has a 52 week low of $23.37 and a 52 week high of $80.22. The business has a 50 day moving average price of $39.51 and a 200-day moving average price of $49.92. The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the prior year, the business posted $1.97 earnings per share. Equities analysts anticipate that AMN Healthcare Services will post 3.1 earnings per share for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in AMN Healthcare Services by 279.2% during the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock valued at $3,891,000 after buying an additional 67,595 shares during the period. MML Investors Services LLC boosted its stake in AMN Healthcare Services by 7.8% during the third quarter. MML Investors Services LLC now owns 24,694 shares of the company’s stock valued at $1,047,000 after buying an additional 1,790 shares during the period. Wellington Management Group LLP raised its position in AMN Healthcare Services by 54.5% during the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock valued at $32,768,000 after purchasing an additional 272,552 shares in the last quarter. Weiss Asset Management LP purchased a new stake in AMN Healthcare Services during the third quarter valued at about $10,026,000. Finally, State Street Corp raised its position in AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after purchasing an additional 16,075 shares in the last quarter. Institutional investors 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.