Brokerages Set AMN Healthcare Services Inc (NYSE:AMN) Price Target at $21.42

Shares of AMN Healthcare Services Inc (NYSE:AMN) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.4167.

AMN has been the subject of several research analyst reports. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Bank of America cut their price objective on AMN Healthcare Services from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, October 8th. Truist Financial boosted their price target on AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Citizens Jmp reduced their price objective on AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Strengthening Families & Communities LLC raised its stake in AMN Healthcare Services by 238.5% during the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after acquiring an additional 1,207 shares during the period. Caption Management LLC boosted its stake in AMN Healthcare Services by 400.0% in the first quarter. Caption Management LLC now owns 2,500 shares of the company’s stock valued at $61,000 after acquiring an additional 2,000 shares during the period. Johnson Financial Group Inc. bought a new position in shares of AMN Healthcare Services during the third quarter valued at approximately $63,000. Tower Research Capital LLC TRC raised its position in shares of AMN Healthcare Services by 49.2% during the 2nd 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. Finally, Covestor Ltd raised its position in shares of AMN Healthcare Services by 13.9% during the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock worth $92,000 after purchasing an additional 579 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $16.03 on Friday. AMN Healthcare Services has a 52 week low of $14.86 and a 52 week high of $30.49. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The stock has a market cap of $615.64 million, a P/E ratio of -2.23 and a beta of 0.21. The stock has a 50 day moving average of $17.26 and a 200-day moving average of $18.93.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.20. The business had revenue of $634.50 million during the quarter, compared to analyst estimates of $618.08 million. AMN Healthcare Services had a negative net margin of 10.14% and a positive return on equity of 10.89%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, analysts expect that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

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.