Analysts Set AMN Healthcare Services, Inc. (NYSE:AMN) Target Price at $48.33

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $48.33.

Several equities analysts have weighed in on the stock. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. Jefferies Financial Group lowered their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. JMP Securities lowered their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Finally, BMO Capital Markets lowered their price target 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.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $26.17 on Friday. The firm has a 50 day moving average of $25.67 and a 200 day moving average of $40.64. 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 firm has a market capitalization of $996.41 million, a price-to-earnings ratio of 18.97 and a beta of 0.05. AMN Healthcare Services has a 12-month low of $22.47 and a 12-month high of $79.74.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same quarter in the previous year, the firm earned $1.97 earnings per share. On average, research analysts anticipate that AMN Healthcare Services will post 3.07 earnings per share for the current year.

Insider Transactions at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds have recently bought and sold shares of the business. Reinhart Partners LLC. purchased a new stake in AMN Healthcare Services during the fourth quarter valued at $12,341,000. Harbor Capital Advisors Inc. raised its stake in AMN Healthcare Services by 285.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after purchasing an additional 58,830 shares in the last quarter. Nordea Investment Management AB raised its stake in AMN Healthcare Services by 5.0% during the fourth quarter. Nordea Investment Management AB now owns 82,825 shares of the company’s stock valued at $1,994,000 after purchasing an additional 3,944 shares in the last quarter. GAMMA Investing LLC raised its stake in AMN Healthcare Services by 189.6% during the fourth quarter. GAMMA Investing LLC now owns 3,018 shares of the company’s stock valued at $72,000 after purchasing an additional 1,976 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in AMN Healthcare Services by 55.1% during the third quarter. JPMorgan Chase & Co. now owns 150,065 shares of the company’s stock valued at $6,361,000 after purchasing an additional 53,317 shares in the last quarter. 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.