Citizens Jmp Issues Positive Forecast for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price objective raised by equities researchers at Citizens Jmp from $40.00 to $51.00 in a report released on Friday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp‘s price target would indicate a potential upside of 32.39% from the stock’s current price.

Several other equities research analysts have also recently issued reports on AMN. Robert W. Baird set a $36.00 target price on shares of AMN Healthcare Services in a report on Friday, August 7th. UBS Group boosted their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Weiss Ratings upgraded AMN Healthcare Services from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. Finally, Wall Street Zen downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.33.

AMN Healthcare Services Stock Performance

Shares of AMN stock traded down $8.90 during trading hours on Friday, reaching $38.52. The company had a trading volume of 179,361 shares, compared to its average volume of 1,018,785. The business has a fifty day moving average price of $38.18 and a 200-day moving average price of $28.98. AMN Healthcare Services has a one year low of $14.97 and a one year high of $49.62. The firm has a market cap of $1.49 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.64 and a beta of 0.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 5th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.93. The firm had revenue of $717.27 million during the quarter, compared to analysts’ expectations of $649.55 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. Sell-side analysts predict that AMN Healthcare Services will post 3.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Heritage Family Offices LLP purchased a new position in AMN Healthcare Services during the third quarter valued at approximately $37,000. Versant Capital Management Inc boosted its position in shares of AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after purchasing an additional 345 shares during the period. IFP Advisors Inc increased its stake in shares of AMN Healthcare Services by 849.6% in the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 1,147 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of AMN Healthcare Services in the second quarter worth $49,000. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of AMN Healthcare Services in the third quarter worth $56,000. Institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

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.