AMN Healthcare Services (NYSE:AMN) Price Target Cut to $70.00

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

Several other brokerages have also recently commented on AMN. BMO Capital Markets decreased their price target on shares of 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 cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. 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. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.00.

AMN Healthcare Services Trading Up 1.1 %

Shares of AMN Healthcare Services stock opened at $57.16 on Monday. The firm has a market capitalization of $2.17 billion, a PE ratio of 10.80 and a beta of 0.22. The company has a current ratio of 1.28, a quick 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 firm’s 50-day moving average price is $59.92 and its 200 day moving average price is $67.92.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The company had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same quarter in the prior year, the firm earned $2.48 EPS. AMN Healthcare Services’s quarterly revenue was down 27.3% on a year-over-year basis. On average, sell-side analysts predict that AMN Healthcare Services will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling at AMN Healthcare Services

In other news, CEO Caroline Grace acquired 17,500 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the purchase, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Jeffrey R. Knudson purchased 6,951 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $57.75 per share, with a total value of $401,420.25. Following the completion of the transaction, the chief financial officer now owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroline Grace purchased 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $56.68 per share, with a total value of $991,900.00. Following the transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The disclosure for this purchase can be found here. Insiders have acquired 26,626 shares of company stock valued at $1,516,899 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Hexagon Capital Partners LLC increased its position in AMN Healthcare Services by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of AMN Healthcare Services in the fourth quarter worth $31,000. Quarry LP increased its position in shares of AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after acquiring an additional 204 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of AMN Healthcare Services in the fourth quarter worth $49,000. Finally, Quadrant Capital Group LLC increased its position in shares of AMN Healthcare Services by 32.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company’s stock worth $106,000 after acquiring an additional 342 shares in 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.