AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Recommendation of “Hold” from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $41.17.

Several equities analysts recently issued reports on AMN shares. BMO Capital Markets lowered their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Truist Financial lowered their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group lowered their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $26.46 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The business’s 50 day moving average price is $25.84 and its 200-day moving average price is $33.08. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The stock has a market cap of $1.01 billion, a P/E ratio of -6.87 and a beta of 0.15.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.75 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 firm had revenue of $734.71 million for the quarter, compared to analysts’ expectations of $694.38 million. Equities research analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services during the 3rd quarter valued at $30,000. Jones Financial Companies Lllp lifted its holdings in shares of AMN Healthcare Services by 33.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after buying an additional 377 shares during the period. LRI Investments LLC lifted its holdings in shares of AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after buying an additional 1,274 shares during the period. Blue Trust Inc. lifted its holdings 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 valued at $57,000 after buying an additional 754 shares during the period. Finally, KBC Group NV increased its stake in shares of AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after purchasing an additional 1,303 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

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.