Brokerages Set AMN Healthcare Services Inc (NYSE:AMN) Target Price at $22.36

Shares of AMN Healthcare Services Inc (NYSE:AMN) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.3571.

Several research firms have recently weighed in on AMN. UBS Group boosted their target price on AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Friday, November 7th. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a research report on Friday, December 19th. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Finally, BMO Capital Markets upped their price target on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th.

AMN Healthcare Services Price Performance

Shares of AMN opened at $16.23 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $30.49. The stock has a market cap of $623.20 million, a PE ratio of -2.26 and a beta of 0.22. The firm has a fifty day moving average price of $17.68 and a 200 day moving average price of $18.36.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently made changes to their positions in AMN. Squarepoint Ops LLC purchased a new stake in AMN Healthcare Services during the 4th quarter valued at approximately $1,471,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of AMN Healthcare Services in the fourth quarter valued at approximately $1,728,000. Bridgefront Capital LLC raised its stake in shares of AMN Healthcare Services by 175.6% during the fourth quarter. Bridgefront Capital LLC now owns 50,562 shares of the company’s stock worth $797,000 after purchasing an additional 32,219 shares during the last quarter. State Street Corp lifted its holdings in shares of AMN Healthcare Services by 1.8% during the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after purchasing an additional 28,479 shares during the period. Finally, Boston Partners grew its position in AMN Healthcare Services by 7,583.1% in the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after buying an additional 1,021,672 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.