Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) Target Price at $38.67

AMN Healthcare Services, Inc. (NYSE:AMN) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $38.67.

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. JMP Securities reaffirmed a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. Truist Financial dropped their price target on shares of AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, BMO Capital Markets reduced their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th.

AMN Healthcare Services Stock Up 2.4 %

AMN Healthcare Services stock opened at $18.60 on Friday. AMN Healthcare Services has a twelve month low of $17.45 and a twelve month high of $70.07. The stock has a market cap of $710.32 million, a P/E ratio of -4.83 and a beta of -0.03. The company’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $27.04. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last released 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. The business had revenue of $734.71 million during the quarter, compared to analysts’ expectations of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. As a group, analysts expect that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC grew its stake in shares of AMN Healthcare Services by 107.0% during the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company’s stock worth $28,000 after buying an additional 599 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after buying an additional 377 shares during the last quarter. LRI Investments LLC increased its stake in shares of AMN Healthcare Services by 368.2% in the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after buying an additional 1,274 shares during the period. Blue Trust Inc. lifted its stake in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after acquiring an additional 754 shares during the period. Finally, KBC Group NV boosted its holdings in AMN Healthcare Services by 110.9% in the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after acquiring an additional 1,303 shares during the last quarter. 99.23% of the stock is 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.