AMN Healthcare Services (NYSE:AMN) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a report released on Tuesday morning.

Several other equities research analysts also recently commented on the stock. Truist Financial lowered their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, February 21st. BMO Capital Markets lowered their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Stock Performance

AMN stock opened at $23.94 on Tuesday. AMN Healthcare Services has a twelve month low of $22.47 and a twelve month high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market cap of $914.24 million, a P/E ratio of -6.22 and a beta of 0.15. The business’s fifty day moving average is $25.71 and its 200-day moving average is $30.55.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. Equities research analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently modified their holdings of AMN. Quest Partners LLC acquired a new stake in AMN Healthcare Services in the 3rd quarter valued at approximately $334,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of AMN Healthcare Services by 13.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,786 shares of the company’s stock worth $2,153,000 after acquiring an additional 6,024 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of AMN Healthcare Services by 100.3% in the third quarter. Intech Investment Management LLC now owns 35,834 shares of the company’s stock valued at $1,519,000 after purchasing an additional 17,948 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AMN Healthcare Services by 10.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 669,568 shares of the company’s stock worth $28,383,000 after purchasing an additional 62,647 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in AMN Healthcare Services by 16.5% during the third quarter. Citigroup Inc. now owns 96,259 shares of the company’s stock worth $4,080,000 after purchasing an additional 13,617 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.