AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Recommendation of “Hold” from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $48.33.

Several brokerages have weighed in on AMN. Jefferies Financial Group reduced their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial decreased their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report 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 on the stock in a report on Monday, November 11th. 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. Finally, Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $65.00 to $48.00 in a research note on Monday, October 7th.

AMN Healthcare Services Price Performance

AMN opened at $26.52 on Friday. AMN Healthcare Services has a fifty-two week low of $22.47 and a fifty-two week high of $80.22. The firm has a 50-day moving average of $27.19 and a 200 day moving average of $41.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $1.01 billion, a P/E ratio of 19.22 and a beta of 0.05.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating 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 analysts’ expectations of $670.08 million. During the same period in the previous year, the company earned $1.97 earnings per share. On average, research analysts expect that AMN Healthcare Services will post 3.07 EPS for the current year.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in AMN Healthcare Services in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its holdings in shares of AMN Healthcare Services by 455.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after buying an additional 1,224 shares during the last quarter. GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 189.6% during the 4th quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock valued at $72,000 after buying an additional 1,976 shares in the last quarter. Quarry LP lifted its holdings in shares of AMN Healthcare Services by 48.4% during the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after acquiring an additional 654 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in AMN Healthcare Services in the third quarter worth $151,000. Hedge funds and other institutional investors 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.