Truist Financial Forecasts Strong Price Appreciation for AMN Healthcare Services (NYSE:AMN) Stock

AMN Healthcare Services (NYSE:AMN) had its price target hoisted by research analysts at Truist Financial from $40.00 to $45.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial‘s price target points to a potential upside of 25.86% from the stock’s current price.

A number of other equities research analysts have also weighed in on AMN. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. UBS Group lifted their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a report on Friday, August 7th. Finally, Citizens Jmp upped their price objective on AMN Healthcare Services from $40.00 to $51.00 and gave the company a “market outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Hold” and an average target price of $39.17.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $35.75 on Monday. AMN Healthcare Services has a fifty-two week low of $14.97 and a fifty-two week high of $49.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market capitalization of $1.38 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.24 and a beta of 0.42. The company’s 50 day moving average price is $38.19 and its two-hundred day moving average price is $29.07.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.93. The company had revenue of $717.27 million during the quarter, compared to the consensus estimate of $649.55 million. AMN Healthcare Services had a net margin of 3.10% and a return on equity of 23.42%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. On average, equities analysts forecast that AMN Healthcare Services will post 3.32 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Family Offices LLP acquired a new stake in shares of AMN Healthcare Services in the third quarter valued at about $37,000. Versant Capital Management Inc raised its position in shares of AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after acquiring an additional 345 shares during the last quarter. IFP Advisors Inc raised its position in shares of AMN Healthcare Services by 849.6% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 1,147 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of AMN Healthcare Services in the second quarter worth approximately $49,000. Finally, Fulcrum Asset Management LLP acquired a new position in shares of AMN Healthcare Services in the third quarter worth approximately $56,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.