AMN Healthcare Services, Inc. (NYSE:AMN) Receives $48.33 Average Price Target from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $48.33.

A number of analysts have recently weighed in on AMN shares. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $65.00 to $48.00 in a report on Monday, October 7th. BMO Capital Markets cut their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Truist Financial decreased their target price 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. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on 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 owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale 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.

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently modified their holdings of the stock. Versor Investments LP purchased a new position in shares of AMN Healthcare Services in the third quarter worth $818,000. Anthracite Investment Company Inc. bought a new stake in AMN Healthcare Services during the third quarter valued at about $1,696,000. Vaughan Nelson Investment Management L.P. purchased a new stake in AMN Healthcare Services in the 2nd quarter worth approximately $45,481,000. New South Capital Management Inc. increased its stake in shares of AMN Healthcare Services by 24.6% in the second quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after purchasing an additional 111,302 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in AMN Healthcare Services by 366.6% in the 1st quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after buying an additional 18,264 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock opened at $27.16 on Thursday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 18.72 and a beta of 0.13. AMN Healthcare Services has a one year low of $23.37 and a one year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50 day simple moving average is $37.57 and its two-hundred day simple moving average is $48.57.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the previous year, the firm earned $1.97 earnings per share. Analysts forecast that AMN Healthcare Services will post 3.09 EPS for the current year.

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.