AMN Healthcare Services (NYSE:AMN) Price Target Raised to $40.00

AMN Healthcare Services (NYSE:AMN) had its price target hoisted by BMO Capital Markets from $38.00 to $40.00 in a report issued on Friday morning, MarketBeat.com reports. They currently have an outperform rating on the stock.

AMN has been the subject of several other research reports. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Truist Financial boosted their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a report on Friday, August 7th. Finally, Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Hold” and a consensus price target of $36.00.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $33.33 on Friday. AMN Healthcare Services has a 12-month low of $14.97 and a 12-month high of $37.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.38. The business has a 50 day simple moving average of $33.81 and a 200 day simple moving average of $27.72.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58. The company had revenue of $673.24 million during the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities research analysts anticipate that AMN Healthcare Services will post 3.32 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently made changes to their positions in the business. Summit Securities Group LLC bought a new stake in shares of AMN Healthcare Services in the 4th quarter worth approximately $32,000. Versant Capital Management Inc boosted its holdings in AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock worth $38,000 after buying an additional 345 shares in the last quarter. IFP Advisors Inc boosted its holdings in AMN Healthcare Services by 849.6% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $41,000 after buying an additional 1,147 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in AMN Healthcare Services in the second quarter worth approximately $49,000. Finally, Johnson Financial Group Inc. bought a new position in shares of AMN Healthcare Services in the third quarter valued at $63,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company’s offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.