Truist Financial Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $25.00

AMN Healthcare Services (NYSE:AMN) had its price objective lowered by Truist Financial from $40.00 to $25.00 in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on 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. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, BMO Capital Markets lowered their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and a consensus price target of $38.67.

AMN Healthcare Services Stock Up 1.5 %

AMN stock opened at $18.50 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The stock has a market capitalization of $706.34 million, a PE ratio of -4.80 and a beta of -0.03. AMN Healthcare Services has a one year low of $17.88 and a one year high of $70.07. The company has a fifty day moving average of $23.55 and a 200-day moving average of $27.77.

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

Institutional Trading of AMN Healthcare Services

A number of large investors have recently made changes to their positions in AMN. State Street Corp grew its holdings in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after buying an additional 16,075 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of AMN Healthcare Services by 7.8% during the 3rd quarter. MML Investors Services LLC now owns 24,694 shares of the company’s stock worth $1,047,000 after purchasing an additional 1,790 shares during the period. Barclays PLC boosted its holdings in shares of AMN Healthcare Services by 279.2% during the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock worth $3,891,000 after purchasing an additional 67,595 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of AMN Healthcare Services by 3.5% in the third quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock valued at $9,593,000 after purchasing an additional 7,628 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in AMN Healthcare Services by 55.1% in 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 during the last quarter. Institutional investors and hedge funds 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.