AMN Healthcare Services Inc (NYSE:AMN) Given Average Recommendation of “Hold” by Analysts

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $21.4167.

A number of research firms have recently commented on AMN. Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Citizens Jmp cut their price target on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Friday, December 19th. Truist Financial boosted their price target on shares of AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday, December 19th.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $16.01 on Friday. The firm has a market capitalization of $614.94 million, a P/E ratio of -2.23 and a beta of 0.21. AMN Healthcare Services has a one year low of $14.86 and a one year high of $30.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day moving average price of $17.50 and a 200-day moving average price of $19.09.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.20. The company had revenue of $634.50 million for the quarter, compared to analyst estimates of $618.08 million. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, equities research analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently modified their holdings of the business. Strengthening Families & Communities LLC boosted its position in shares of AMN Healthcare Services by 238.5% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after acquiring an additional 1,207 shares during the last quarter. Caption Management LLC raised its stake in AMN Healthcare Services by 400.0% in the first quarter. Caption Management LLC now owns 2,500 shares of the company’s stock valued at $61,000 after purchasing an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after purchasing an additional 1,020 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in AMN Healthcare Services during the third quarter valued at approximately $63,000. Finally, Strs Ohio bought a new stake in AMN Healthcare Services during the first quarter valued at approximately $95,000. 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.