Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) Price Target at $69.33

AMN Healthcare Services, Inc. (NYSE:AMN) has earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $67.83.

A number of research firms have commented on AMN. Bank of America lifted their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. UBS Group cut their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Truist Financial lowered their target price on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. Finally, JMP Securities reduced their price objective on AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th.

AMN Healthcare Services Price Performance

AMN stock opened at $51.08 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.73 and a beta of 0.12. AMN Healthcare Services has a 12-month low of $46.74 and a 12-month high of $90.95. The firm’s 50-day moving average price is $55.32 and its two-hundred day moving average price is $58.58.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. The firm had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The company’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period last year, the company posted $2.38 EPS. As a group, equities analysts predict that AMN Healthcare Services will post 3.15 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Pacer Advisors Inc. bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $99,349,000. Boston Partners boosted its holdings in shares of AMN Healthcare Services by 102.7% during the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after purchasing an additional 1,461,541 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after purchasing an additional 1,230,543 shares in the last quarter. Swedbank AB bought a new stake in shares of AMN Healthcare Services in the first quarter worth about $70,617,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of AMN Healthcare Services in the second quarter worth about $45,481,000. Institutional investors own 99.23% of the company’s stock.

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.