AMN Healthcare Services Inc (NYSE:AMN) Receives Average Recommendation of “Hold” from Brokerages

Shares of AMN Healthcare Services Inc (NYSE:AMN) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $22.6429.

AMN has been the topic of several research reports. Citizens Jmp raised their target price on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, February 23rd. Robert W. Baird increased their price target on AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, February 20th. BMO Capital Markets raised their price target on AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. Finally, UBS Group upped their price objective on AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a research report on Friday, February 20th.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its holdings in shares of AMN Healthcare Services by 13.9% in the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock worth $92,000 after buying an additional 579 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in AMN Healthcare Services by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after buying an additional 1,153 shares during the last quarter. Strengthening Families & Communities LLC raised its position in AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after acquiring an additional 1,207 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of AMN Healthcare Services by 3.5% during the 3rd quarter. Intech Investment Management LLC now owns 40,335 shares of the company’s stock worth $781,000 after acquiring an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

AMN opened at $18.17 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $702.05 million, a P/E ratio of -7.30, a P/E/G ratio of 0.74 and a beta of 0.25. The company’s 50-day simple moving average is $19.40 and its two-hundred day simple moving average is $18.37. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $23.74.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The firm had revenue of $748.23 million for the quarter, compared to the consensus estimate of $723.11 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts predict that AMN Healthcare Services will post 1.33 EPS for the current 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.