AMN Healthcare Services’ (AMN) Market Outperform Rating Reiterated at Citizens Jmp

AMN Healthcare Services (NYSE:AMN)‘s stock had its “market outperform” rating restated by stock analysts at Citizens Jmp in a report released on Tuesday,Benzinga reports. They presently have a $36.00 price target on the stock. Citizens Jmp’s price objective points to a potential upside of 18.43% from the company’s current price.

AMN has been the subject of several other reports. Weiss Ratings upgraded AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. BMO Capital Markets raised their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday. Robert W. Baird lifted their target price on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Truist Financial upped their target price on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.00.

AMN Healthcare Services Trading Down 1.9%

AMN stock opened at $30.40 on Tuesday. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $33.13. The business’s 50-day moving average is $26.24 and its 200 day moving average is $21.06. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -34.94, a PEG ratio of 0.71 and a beta of 0.44.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion during 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 business’s revenue was up 99.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, sell-side analysts anticipate that AMN Healthcare Services will post 2.7 EPS for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. This represents a 17.04% decrease in their position. The sale was disclosed in a 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. 1.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of AMN Healthcare Services during the 4th quarter valued at about $32,000. China Universal Asset Management Co. Ltd. raised its stake in 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 worth $47,000 after purchasing an additional 2,000 shares during the period. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services during the third quarter worth about $63,000. Tower Research Capital LLC TRC boosted its holdings in 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 purchasing an additional 1,020 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of AMN Healthcare Services in the 1st quarter valued at approximately $95,000. 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.