AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $33.00 at BMO Capital Markets

AMN Healthcare Services (NYSE:AMN) had its price target reduced by BMO Capital Markets from $38.00 to $33.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

AMN has been the subject of a number of other reports. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Truist Financial dropped their target price on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday. Jefferies Financial Group reduced their price target 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. Finally, JMP Securities reiterated 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, AMN Healthcare Services has an average rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $26.85 on Monday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -6.97 and a beta of 0.07. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm’s fifty day moving average is $25.43 and its 200 day moving average is $34.54.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 14.49% and a negative net margin of 4.93%. The firm had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. Sell-side analysts forecast that AMN Healthcare Services will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Versor Investments LP acquired a new position in shares of AMN Healthcare Services in the third quarter valued at approximately $818,000. Anthracite Investment Company Inc. purchased a new stake in shares of AMN Healthcare Services in the third quarter valued at about $1,696,000. Harbor Capital Advisors Inc. lifted its stake in AMN Healthcare Services by 285.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after buying an additional 58,830 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of AMN Healthcare Services by 125.4% during the fourth quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock valued at $515,000 after acquiring an additional 11,974 shares during the last quarter. Finally, Thompson Investment Management Inc. boosted its stake in shares of AMN Healthcare Services by 381.8% during the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after purchasing an additional 235,067 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.