AMN Healthcare Services Inc (NYSE:AMN) Receives Average Rating of “Hold” from Analysts

Shares of AMN Healthcare Services Inc (NYSE:AMN) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.4286.

AMN has been the subject of several recent analyst reports. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a report on Friday. BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday. Citizens Jmp increased their price target on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday. Finally, Truist Financial lifted their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd.

AMN Healthcare Services Price Performance

AMN stock opened at $34.47 on Friday. AMN Healthcare Services has a 52-week low of $14.97 and a 52-week high of $37.22. The stock’s fifty day simple moving average is $32.88 and its 200-day simple moving average is $25.60. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.40.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts expect that AMN Healthcare Services will post 3.1 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at about $215,047,000. Millennium Management LLC boosted its holdings in AMN Healthcare Services by 55.8% in the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after acquiring an additional 718,048 shares during the period. State Street Corp boosted its holdings in AMN Healthcare Services by 1.8% in the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after acquiring an additional 28,479 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock worth $25,708,000 after acquiring an additional 1,300,005 shares during the period. Finally, Renaissance Technologies LLC grew its position in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after acquiring an additional 463,100 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 (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.