AMN Healthcare Services, Inc. (NYSE:AMN) Receives $85.00 Consensus Target Price from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $82.86.

A number of equities research analysts have recently commented on the company. BMO Capital Markets dropped their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. JMP Securities cut their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Truist Financial cut their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Thursday, May 2nd.

Insiders Place Their Bets

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

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hexagon Capital Partners LLC grew its holdings in shares of AMN Healthcare Services by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after purchasing an additional 147 shares during the last quarter. GAMMA Investing LLC acquired a new position in AMN Healthcare Services in the 4th quarter valued at about $31,000. Quarry LP increased its holdings in shares of AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares during the period. Principal Securities Inc. purchased a new stake in shares of AMN Healthcare Services during the fourth quarter worth approximately $49,000. Finally, Geneos Wealth Management Inc. acquired a new position in AMN Healthcare Services in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Trading Up 0.5 %

AMN Healthcare Services stock opened at $60.20 on Friday. The stock has a 50-day moving average price of $59.34 and a 200 day moving average price of $66.77. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 11.38 and a beta of 0.22. AMN Healthcare Services has a 52 week low of $53.77 and a 52 week high of $112.44. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $818.27 million during the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The business’s revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 EPS. Sell-side analysts anticipate that AMN Healthcare Services will post 3.86 EPS for the current year.

AMN Healthcare Services Company Profile

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.