AMN Healthcare Services Inc (NYSE:AMN) Stock Has Consensus Price Target of $36.00

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $36.00.

A number of research firms have weighed in on AMN. UBS Group lifted their price target on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Truist Financial upped their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Citizens Jmp increased their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 14th. BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, September 11th. Finally, Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th.

AMN Healthcare Services Price Performance

NYSE AMN opened at $35.86 on Friday. The stock has a 50-day simple moving average of $34.13 and a 200 day simple moving average of $29.12. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $37.22. The stock has a market capitalization of $1.39 billion, a PE ratio of 13.38, a P/E/G ratio of 1.23 and a beta of 0.40. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13.

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

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in shares of AMN Healthcare Services in the second quarter valued at approximately $2,301,000. Integrated Wealth Concepts LLC bought a new stake in AMN Healthcare Services during the 2nd quarter worth approximately $49,000. IFP Advisors Inc grew its position in AMN Healthcare Services by 849.6% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $41,000 after acquiring an additional 1,147 shares during the last quarter. Allworth Financial LP grew its position in AMN Healthcare Services by 298.2% during the 2nd quarter. Allworth Financial LP now owns 1,995 shares of the company’s stock worth $65,000 after acquiring an additional 1,494 shares during the last quarter. Finally, Corient Private Wealth LP increased its stake in shares of AMN Healthcare Services by 159.2% in the second quarter. Corient Private Wealth LP now owns 101,418 shares of the company’s stock valued at $3,283,000 after buying an additional 62,294 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.