AMN Healthcare Services Inc (NYSE:AMN) Receives Average Rating of “Hold” from Analysts

AMN Healthcare Services Inc (NYSE:AMN) has earned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.00.

A number of brokerages have recently issued reports on AMN. Wall Street Zen upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. UBS Group lifted their target price on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Truist Financial upped their price target on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Finally, Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th.

Insider Activity

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the sale, the director owned 17,917 shares of the company’s stock, valued at $556,681.19. This trade represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock worth $4,753,000 after buying an additional 2,784 shares in the last quarter. AQR Capital Management LLC boosted its holdings in AMN Healthcare Services by 54.2% in the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock valued at $2,398,000 after purchasing an additional 34,465 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in AMN Healthcare Services in the first quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AMN Healthcare Services by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of AMN Healthcare Services by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after buying an additional 51,737 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Up 4.9%

Shares of NYSE:AMN opened at $33.97 on Tuesday. The stock’s 50-day moving average price is $30.11 and its two-hundred day moving average price is $22.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $36.27. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -39.05, a PEG ratio of 0.74 and a beta of 0.41.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 0.95% and a positive return on equity of 18.01%. The company’s quarterly revenue was up 99.9% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. On average, research analysts forecast that AMN Healthcare Services will post 2.7 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.