AMN Healthcare Services (NYSE:AMN) Given New $57.00 Price Target at JMP Securities

AMN Healthcare Services (NYSE:AMN) had its price target reduced by JMP Securities from $66.00 to $57.00 in a report issued on Tuesday, Benzinga reports. They currently have a market outperform rating on the stock.

Several other equities research analysts have also commented on the company. Truist Financial dropped their price target on AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating for the company in a research note on Monday. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. UBS Group dropped their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and a consensus target price of $60.17.

AMN Healthcare Services Price Performance

AMN opened at $39.65 on Tuesday. AMN Healthcare Services has a 1 year low of $36.50 and a 1 year high of $80.22. The company’s 50 day simple moving average is $45.63 and its 200 day simple moving average is $52.67. The stock has a market capitalization of $1.51 billion, a PE ratio of 10.66 and a beta of 0.11. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.38 EPS. As a group, sell-side analysts expect that AMN Healthcare Services will post 3.21 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in AMN Healthcare Services by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock valued at $318,353,000 after buying an additional 30,513 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in AMN Healthcare Services during the 4th quarter valued at approximately $373,000. AlphaMark Advisors LLC acquired a new stake in AMN Healthcare Services during the 1st quarter valued at approximately $254,000. Tributary Capital Management LLC increased its holdings in AMN Healthcare Services by 20.2% during the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after purchasing an additional 44,740 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV raised its position in shares of AMN Healthcare Services by 19.2% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,184 shares of the company’s stock valued at $574,000 after purchasing an additional 1,478 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.