AMN Healthcare Services, Inc. (NYSE:AMN) Given Average Recommendation of “Hold” by Analysts

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $41.17.

AMN has been the subject of several analyst reports. BMO Capital Markets decreased their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Truist Financial lowered their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. JMP Securities reiterated a “market outperform” rating and issued a $34.00 price target on shares of AMN Healthcare Services in a report on Thursday, February 6th. Finally, StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $23.94 on Wednesday. The firm has a market capitalization of $914.24 million, a P/E ratio of -6.22 and a beta of 0.15. The stock has a fifty day moving average price of $25.71 and a two-hundred day moving average price of $30.55. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $694.38 million. As a group, analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after buying an additional 2,801,663 shares during the last quarter. Newtyn Management LLC bought a new stake in AMN Healthcare Services in the fourth quarter valued at approximately $28,417,000. WCM Investment Management LLC increased its position in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after purchasing an additional 550,427 shares during the period. Voloridge Investment Management LLC bought a new position in AMN Healthcare Services during the 4th quarter worth approximately $12,685,000. Finally, Reinhart Partners LLC. acquired a new position in shares of AMN Healthcare Services in the 4th quarter worth approximately $12,341,000. 99.23% of the stock is owned by institutional investors and hedge funds.

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.