AMN Healthcare Services (NYSE:AMN) Price Target Cut to $22.00 by Analysts at Citizens Jmp

AMN Healthcare Services (NYSE:AMN) had its price target lowered by equities researchers at Citizens Jmp from $24.00 to $22.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective indicates a potential upside of 33.89% from the stock’s previous close.

A number of other research firms also recently weighed in on AMN. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Friday. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Wall Street Zen raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 8th. Finally, Truist Financial upped their price objective on AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus price target of $21.42.

AMN Healthcare Services Stock Up 1.1%

AMN stock opened at $16.43 on Friday. AMN Healthcare Services has a twelve month low of $14.86 and a twelve month high of $30.49. 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 company has a market cap of $631.11 million, a PE ratio of -2.29 and a beta of 0.21. The business’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $19.24.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results 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 firm had revenue of $634.50 million during the quarter, compared to analysts’ expectations of $618.08 million. During the same quarter in the prior year, the firm posted $0.61 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, research analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in shares of AMN Healthcare Services during the third quarter worth $116,000. CIBC Bancorp USA Inc. bought a new position in shares of AMN Healthcare Services in the third quarter valued at about $838,000. Tweedy Browne Co LLC acquired a new position in AMN Healthcare Services during the 3rd quarter worth about $300,000. Jacobs Levy Equity Management Inc. grew its holdings in AMN Healthcare Services by 92.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 65,593 shares of the company’s stock worth $1,270,000 after acquiring an additional 31,453 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in AMN Healthcare Services during the 3rd quarter worth about $19,176,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.