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

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received a consensus rating of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $21.4167.

A number of research firms have recently weighed in on AMN. Bank of America lowered their price objective on AMN Healthcare Services from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Wednesday, September 10th. Citizens Jmp lowered their price target on 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 AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th.

AMN Healthcare Services Stock Performance

AMN stock opened at $16.03 on Friday. AMN Healthcare Services has a one year low of $14.86 and a one year high of $30.49. The firm has a market cap of $615.64 million, a price-to-earnings ratio of -2.23 and a beta of 0.21. 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 firm has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $18.93.

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

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently bought and sold shares of AMN. Strengthening Families & Communities LLC boosted its holdings in shares of AMN Healthcare Services by 238.5% in 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 grew its position in AMN Healthcare Services by 400.0% during the 1st quarter. Caption Management LLC now owns 2,500 shares of the company’s stock worth $61,000 after purchasing an additional 2,000 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of AMN Healthcare Services during the 3rd quarter valued at about $63,000. Tower Research Capital LLC TRC lifted its holdings in shares of AMN Healthcare Services by 49.2% in the 2nd 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 period. Finally, Covestor Ltd boosted its stake 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. 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.