AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $70.00 at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its target price cut by Truist Financial from $88.00 to $70.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets reduced their price target on AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating on the stock in a research note on Tuesday, February 20th. StockNews.com cut AMN Healthcare Services from a hold rating to a sell rating in a research note on Monday, April 15th. Finally, JMP Securities reduced their price target on AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating on the stock in a research note on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, AMN Healthcare Services currently has a consensus rating of Hold and an average target price of $85.00.

AMN Healthcare Services Price Performance

AMN opened at $56.51 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44. The stock has a market capitalization of $2.14 billion, a PE ratio of 10.68 and a beta of 0.22. The stock’s 50 day moving average price is $60.30 and its 200-day moving average price is $68.06.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. The company had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.48 earnings per share. On average, equities research analysts predict that AMN Healthcare Services will post 3.97 EPS for the current year.

Insider Activity

In other AMN Healthcare Services news, CEO Caroline Grace purchased 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other AMN Healthcare Services news, CEO Caroline Grace purchased 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jorge A. Caballero purchased 2,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares of the company’s stock, valued at $138,421.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 26,626 shares of company stock valued at $1,516,899 over the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. FourThought Financial Partners LLC lifted its holdings in AMN Healthcare Services by 3.7% in the fourth quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock valued at $296,000 after acquiring an additional 139 shares during the period. Hexagon Capital Partners LLC lifted its holdings in AMN Healthcare Services by 69.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after acquiring an additional 147 shares during the period. CWM LLC lifted its holdings in AMN Healthcare Services by 1.2% in the fourth quarter. CWM LLC now owns 12,818 shares of the company’s stock valued at $960,000 after acquiring an additional 155 shares during the period. SummerHaven Investment Management LLC lifted its holdings in AMN Healthcare Services by 2.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock valued at $496,000 after acquiring an additional 155 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in AMN Healthcare Services by 1.0% in the third quarter. PNC Financial Services Group Inc. now owns 16,666 shares of the company’s stock valued at $1,420,000 after acquiring an additional 172 shares during the period. Institutional investors 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.