AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $40.00 at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its target price cut by Truist Financial from $47.00 to $40.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on AMN. Jefferies Financial Group lowered their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, AMN Healthcare Services has an average rating of “Hold” and an average target price of $43.33.

AMN Healthcare Services Stock Up 6.4 %

AMN opened at $27.50 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of 19.93 and a beta of 0.07. 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 firm’s fifty day moving average price is $25.40 and its two-hundred day moving average price is $35.15. AMN Healthcare Services has a fifty-two week low of $22.47 and a fifty-two week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data 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. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The company had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. On average, analysts anticipate that AMN Healthcare Services will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in shares of AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after acquiring an additional 377 shares during the period. Cresset Asset Management LLC raised its stake in AMN Healthcare Services by 5.6% in the 4th quarter. Cresset Asset Management LLC now owns 10,761 shares of the company’s stock worth $257,000 after purchasing an additional 566 shares in the last quarter. Quarry LP boosted its holdings in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after purchasing an additional 654 shares during the period. Truvestments Capital LLC bought a new stake in AMN Healthcare Services in the 3rd quarter valued at about $30,000. Finally, Blue Trust Inc. grew its position in shares of AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after purchasing an additional 754 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.