BMO Capital Markets Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $33.00

AMN Healthcare Services (NYSE:AMN) had its price objective reduced by BMO Capital Markets from $38.00 to $33.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. 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. Truist Financial dropped their price target on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Jefferies Financial Group dropped 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 research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Stock Performance

NYSE:AMN opened at $25.99 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $992.53 million, a price-to-earnings ratio of -6.75 and a beta of 0.07. The firm’s fifty day simple moving average is $25.47 and its 200 day simple moving average is $34.31. AMN Healthcare Services has a twelve month low of $22.47 and a twelve month high of $70.07.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. As a group, equities research analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently modified their holdings of AMN. FMR LLC lifted its position in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares during the last quarter. Newtyn Management LLC acquired a new stake in AMN Healthcare Services during the fourth quarter worth about $28,417,000. WCM Investment Management LLC raised its stake in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after acquiring an additional 550,427 shares during the period. Voloridge Investment Management LLC acquired a new stake in AMN Healthcare Services during the fourth quarter worth about $12,685,000. Finally, Reinhart Partners LLC. acquired a new stake in AMN Healthcare Services during the fourth quarter worth about $12,341,000. 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.