AMN Healthcare Services Inc (NYSE:AMN) Receives Consensus Recommendation of “Hold” from Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.2857.

AMN has been the subject of a number of recent research reports. Truist Financial lifted their price objective on AMN Healthcare Services from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Citizens Jmp raised their target price on AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, February 23rd. BMO Capital Markets raised their target price on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. UBS Group raised their target price on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently modified their holdings of AMN. Royal Bank of Canada grew its position in shares of AMN Healthcare Services by 1.5% during the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after acquiring an additional 2,784 shares during the period. AQR Capital Management LLC grew its position in shares of AMN Healthcare Services by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock valued at $2,398,000 after acquiring an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AMN Healthcare Services during the 1st quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 acquiring an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of AMN Healthcare Services by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after acquiring an additional 51,737 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $29.09 on Monday. The stock has a 50-day simple moving average of $22.34 and a two-hundred day simple moving average of $19.46. The firm has a market capitalization of $1.13 billion, a P/E ratio of -33.44, a PEG ratio of 0.67 and a beta of 0.44. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $31.65. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company’s revenue was up 99.9% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. On average, equities analysts forecast that AMN Healthcare Services will post 2.7 earnings per share for the current year.

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.