AMN Healthcare Services’ (AMN) “Market Outperform” Rating Reiterated at JMP Securities

AMN Healthcare Services (NYSE:AMN)‘s stock had its “market outperform” rating reissued by equities researchers at JMP Securities in a report released on Thursday,Benzinga reports. They currently have a $34.00 price objective on the stock. JMP Securities’ price target points to a potential upside of 34.71% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. 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 research note on Friday, November 8th. Finally, Jefferies Financial Group lowered their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $44.50.

AMN Healthcare Services Trading Down 3.2 %

Shares of AMN opened at $25.24 on Thursday. The stock has a market capitalization of $960.89 million, a PE ratio of 18.29 and a beta of 0.07. The company’s fifty day moving average is $25.99 and its 200 day moving average is $38.12. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. AMN Healthcare Services has a fifty-two week low of $22.47 and a fifty-two week high of $79.74.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $670.08 million. During the same period in the previous year, the firm posted $1.97 EPS. Sell-side analysts expect that AMN Healthcare Services will post 3.07 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

A number of large investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after buying an additional 2,801,663 shares in the last quarter. State Street Corp increased its position in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after acquiring an additional 16,075 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after acquiring an additional 30,157 shares in the last quarter. WCM Investment Management LLC boosted its holdings in shares of AMN Healthcare Services by 98.8% in the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after purchasing an additional 550,427 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its stake in AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after purchasing an additional 209,180 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.