AMN Healthcare Services (NYSE:AMN) Price Target Raised to $25.00

AMN Healthcare Services (NYSE:AMN) had its price target boosted by analysts at BMO Capital Markets from $22.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 26.28% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Friday, December 19th. UBS Group upped their price objective on shares of AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Friday, November 7th. 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. Truist Financial boosted their price target on shares of AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.92.

AMN Healthcare Services Trading Up 29.2%

Shares of AMN stock opened at $19.80 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. The firm has a market cap of $760.44 million, a P/E ratio of -2.75 and a beta of 0.20. The company has a 50 day moving average of $16.32 and a 200-day moving average of $18.51. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $30.49.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.39 EPS for the quarter, beating 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 business had revenue of $634.50 million for the quarter, compared to the consensus estimate of $618.08 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 7.7% on a year-over-year basis. Sell-side analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the company. Yousif Capital Management LLC grew its stake in AMN Healthcare Services by 3.2% during the second quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock valued at $352,000 after acquiring an additional 534 shares in the last quarter. Covestor Ltd boosted its holdings in AMN Healthcare Services by 13.9% in the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after purchasing an additional 579 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of AMN Healthcare Services by 7.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,829 shares of the company’s stock valued at $203,000 after purchasing an additional 718 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of AMN Healthcare Services by 4.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the company’s stock valued at $353,000 after purchasing an additional 777 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after purchasing an additional 1,020 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.