Truist Financial Lowers AMN Healthcare Services (NYSE:AMN) Price Target to $40.00

AMN Healthcare Services (NYSE:AMN) had its price objective decreased by equities research analysts at Truist Financial from $47.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 45.47% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price target 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. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. 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. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price of $43.33.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $27.50 on Friday. The company has a 50 day moving average of $25.40 and a 200-day moving average of $34.96. AMN Healthcare Services has a 1-year low of $22.47 and a 1-year high of $70.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a market cap of $1.05 billion, a PE ratio of -7.14 and a beta of 0.07.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 14.49%. The company had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. As a group, equities research analysts forecast that AMN Healthcare Services will post 1.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Large investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services during the third quarter valued at $30,000. Jones Financial Companies Lllp raised its stake in shares of AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after acquiring an additional 377 shares during the last quarter. LRI Investments LLC raised its stake in shares of AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after acquiring an additional 1,274 shares during the last quarter. Blue Trust Inc. raised its stake in shares of AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after acquiring an additional 754 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after acquiring an additional 1,303 shares during 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.