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

AMN Healthcare Services Inc (NYSE:AMN) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, 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 twelve-month price objective among brokers that have covered the stock in the last year is $25.2857.

A number of equities analysts recently issued reports on AMN shares. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. Robert W. Baird lifted their target price on AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Citizens Jmp lifted their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, February 23rd. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Truist Financial lifted their target price on AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC purchased a new position in shares of AMN Healthcare Services during the fourth quarter valued at $32,000. Strengthening Families & Communities LLC grew its holdings in shares of AMN Healthcare Services by 238.5% during the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after buying an additional 1,207 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 2,000 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of AMN Healthcare Services during the third quarter valued at $63,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $27.65 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -31.79, a PEG ratio of 0.68 and a beta of 0.30. The stock’s fifty day simple moving average is $21.42 and its 200 day simple moving average is $19.14. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $31.65.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company’s quarterly revenue was up 99.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. As a group, sell-side analysts forecast that AMN Healthcare Services will post 2.53 earnings per share for the current fiscal 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.