AMN Healthcare Services, Inc. (NYSE:AMN) Receives $85.00 Consensus Target Price from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $82.86.

Several equities analysts recently issued reports on AMN shares. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Thursday, May 2nd. Truist Financial dropped their target price on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets decreased their price target on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th. Finally, JMP Securities decreased their price objective on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th.

Insider Activity at AMN Healthcare Services

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

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in AMN Healthcare Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock valued at $318,353,000 after acquiring an additional 30,513 shares during the last quarter. Boston Partners boosted its stake in AMN Healthcare Services by 102.7% during the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after buying an additional 1,461,541 shares during the period. Pacer Advisors Inc. increased its position in shares of AMN Healthcare Services by 145.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after acquiring an additional 828,390 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of AMN Healthcare Services by 107.8% in the 1st quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock valued at $47,820,000 after acquiring an additional 396,805 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of AMN Healthcare Services by 2.3% during the 3rd quarter. Federated Hermes Inc. now owns 734,204 shares of the company’s stock worth $62,539,000 after purchasing an additional 16,449 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $60.20 on Friday. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 11.38 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50 day simple moving average of $59.34 and a 200-day simple moving average of $66.77. AMN Healthcare Services has a 1 year low of $53.77 and a 1 year high of $112.44.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.48 earnings per share. Equities analysts forecast that AMN Healthcare Services will post 3.86 EPS for the current year.

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.