AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $70.00 at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its price objective decreased by Truist Financial from $88.00 to $70.00 in a report issued on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating for the company in a report on Tuesday, February 20th. JMP Securities decreased their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating for the company in a report on Monday, February 26th. Finally, StockNews.com cut AMN Healthcare Services from a hold rating to a sell rating in a research note on Monday, April 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of Hold and a consensus target price of $85.00.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $56.27 on Monday. The company has a market cap of $2.13 billion, a PE ratio of 10.64 and a beta of 0.22. The company has a fifty day moving average price of $59.08 and a two-hundred day moving average price of $67.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. AMN Healthcare Services has a 12 month low of $53.77 and a 12 month high of $112.44.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm’s revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.48 earnings per share. Research analysts expect that AMN Healthcare Services will post 3.86 earnings per share for the current year.

Insider Activity at AMN Healthcare Services

In related news, Director Jorge A. Caballero acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the purchase, the director now directly owns 2,437 shares in the company, valued at $138,421.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Caroline Grace acquired 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the purchase, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jorge A. Caballero purchased 2,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the transaction, the director now owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Insiders have purchased a total of 26,626 shares of company stock worth $1,516,899 over the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in AMN Healthcare Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock worth $318,353,000 after acquiring an additional 30,513 shares in the last quarter. Boston Partners raised its position in AMN Healthcare Services by 102.7% in the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after acquiring an additional 1,461,541 shares in the last quarter. Pacer Advisors Inc. raised its position in AMN Healthcare Services by 145.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after acquiring an additional 828,390 shares in the last quarter. WCM Investment Management LLC raised its position in AMN Healthcare Services by 107.8% in the first quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock worth $47,820,000 after acquiring an additional 396,805 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in AMN Healthcare Services by 2.3% in the third quarter. Federated Hermes Inc. now owns 734,204 shares of the company’s stock worth $62,539,000 after acquiring an additional 16,449 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.