AMN Healthcare Services Inc (NYSE:AMN) Receives Average Rating of “Hold” from Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $22.4167.

AMN has been the topic of a number of analyst reports. UBS Group lifted their price target on AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Friday, November 7th. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a research report on Friday, December 19th. JPMorgan Chase & Co. set a $25.00 target price on AMN Healthcare Services in a research note on Thursday, January 15th. 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. Finally, 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Yousif Capital Management LLC increased its stake in AMN Healthcare Services by 3.2% during the 2nd quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock valued at $352,000 after purchasing an additional 534 shares in the last quarter. Covestor Ltd increased its position in shares of AMN Healthcare Services by 13.9% in the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after acquiring an additional 579 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in AMN Healthcare Services by 7.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,829 shares of the company’s stock worth $203,000 after acquiring an additional 718 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 1,020 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in AMN Healthcare Services by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after purchasing an additional 1,153 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $17.03 on Friday. The firm has a market cap of $653.93 million, a price-to-earnings ratio of -2.37 and a beta of 0.22. The company’s 50 day moving average is $17.71 and its 200 day moving average is $18.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $30.49.

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.