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

AMN Healthcare Services (NYSE:AMN) had its price objective decreased by equities research analysts at Truist Financial from $88.00 to $70.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 22.47% from the stock’s previous close.

A number of other research firms have also commented on AMN. BMO Capital Markets lowered their price target on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, JMP Securities reduced their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research note on Monday, February 26th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.00.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $57.16 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. AMN Healthcare Services has a twelve month low of $53.77 and a twelve month high of $112.44. The stock’s 50 day moving average is $59.92 and its 200-day moving average is $67.92. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 10.80 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million for the quarter, compared to analyst estimates of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. AMN Healthcare Services’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 earnings per share. Sell-side analysts forecast that AMN Healthcare Services will post 3.97 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On AMN Healthcare Services

Large investors have recently modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in shares of AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after buying an additional 147 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of AMN Healthcare Services during the 4th quarter valued at about $31,000. Quarry LP grew its position in AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Principal Securities Inc. bought a new position in AMN Healthcare Services during the 4th quarter worth approximately $49,000. Finally, Quadrant Capital Group LLC grew its position in AMN Healthcare Services by 32.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company’s stock worth $106,000 after acquiring an additional 342 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other 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.