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

AMN Healthcare Services Inc (NYSE:AMN) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $31.4286.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. UBS Group raised their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Truist Financial increased their price objective on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd.

Insider Buying and Selling

In other news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the sale, the director owned 17,917 shares in the company, valued at approximately $556,681.19. This trade represents a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Institutional Trading of AMN Healthcare Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in AMN Healthcare Services in the second quarter valued at about $215,047,000. Millennium Management LLC grew its holdings in shares of 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 increased its stake 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 valued at $25,609,000 after purchasing an additional 28,479 shares in the last quarter. California State Teachers Retirement System raised its holdings in AMN Healthcare Services by 3,085.5% during the second quarter. California State Teachers Retirement System now owns 1,421,949 shares of the company’s stock worth $43,928,000 after purchasing an additional 1,377,311 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in AMN Healthcare Services by 1,278.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock worth $25,708,000 after purchasing an additional 1,300,005 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $33.80 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s fifty day moving average price is $33.80 and its 200 day moving average price is $27.17. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. AMN Healthcare Services has a 12 month low of $14.97 and a 12 month high of $37.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. During the same quarter last year, the company posted $0.30 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that AMN Healthcare Services will post 3.32 earnings per share for the current fiscal year.

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.