AMN Healthcare Services (NYSE:AMN) Price Target Cut to $40.00 by Analysts at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its price target trimmed by Truist Financial from $47.00 to $40.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on AMN. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Jefferies Financial Group cut their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus price target of $43.33.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $27.50 on Friday. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $70.07. The company has a market capitalization of $1.05 billion, a PE ratio of -7.14 and a beta of 0.07. The company has a fifty day moving average of $25.40 and a two-hundred day moving average of $34.79. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last announced its 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 negative net margin of 4.93% and a positive return on equity of 14.49%. The business had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. As a group, analysts expect that AMN Healthcare Services will post 1.35 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

Several large investors have recently modified their holdings of the business. FMR LLC boosted its position in AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after acquiring an additional 2,801,663 shares during the last quarter. Newtyn Management LLC acquired a new stake in AMN Healthcare Services during the fourth quarter worth approximately $28,417,000. WCM Investment Management LLC boosted its position in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after acquiring an additional 550,427 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in AMN Healthcare Services during the fourth quarter worth approximately $12,685,000. Finally, Reinhart Partners LLC. acquired a new position in shares of AMN Healthcare Services in the 4th quarter valued at $12,341,000. 99.23% of the stock is currently 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.