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

AMN Healthcare Services Inc (NYSE:AMN) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.4167.

Several analysts have recently commented on the stock. Bank of America decreased their price target on shares of AMN Healthcare Services from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 10th. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Truist Financial raised their target price on shares of AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Citizens Jmp dropped 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 research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 8th.

AMN Healthcare Services Trading Up 0.1%

Shares of AMN opened at $16.01 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $614.94 million, a price-to-earnings ratio of -2.23 and a beta of 0.21. The stock has a fifty day moving average price of $17.50 and a two-hundred day moving average price of $19.09. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $30.49.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.19 by $0.20. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The company had revenue of $634.50 million for the quarter, compared to analysts’ expectations of $618.08 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts predict that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMN. Thompson Investment Management Inc. raised its position in AMN Healthcare Services by 5.0% in the 2nd quarter. Thompson Investment Management Inc. now owns 324,227 shares of the company’s stock valued at $6,702,000 after buying an additional 15,420 shares during the last quarter. Millennium Management LLC increased its position in AMN Healthcare Services by 137.5% during the first quarter. Millennium Management LLC now owns 1,097,482 shares of the company’s stock worth $26,844,000 after buying an additional 635,296 shares during the last quarter. Yousif Capital Management LLC raised its stake in AMN Healthcare Services by 3.2% in the second quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock valued at $352,000 after buying an additional 534 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth approximately $2,585,000. Finally, CWM LLC increased its holdings in shares of AMN Healthcare Services by 68.2% during the 2nd quarter. CWM LLC now owns 47,061 shares of the company’s stock worth $973,000 after acquiring an additional 19,074 shares during the last quarter. 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.