AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $46.00 at BMO Capital Markets

AMN Healthcare Services (NYSE:AMN) had its price target cut by analysts at BMO Capital Markets from $50.00 to $46.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 76.31% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Bank of America downgraded shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $65.00 to $48.00 in a research report on Monday, October 7th. UBS Group dropped 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. Finally, JMP Securities reduced their price target on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, AMN Healthcare Services has a consensus rating of “Hold” and an average target price of $52.60.

AMN Healthcare Services Trading Down 6.2 %

NYSE:AMN opened at $26.09 on Monday. The firm has a market capitalization of $991.42 million, a P/E ratio of 18.91 and a beta of 0.13. AMN Healthcare Services has a 52 week low of $25.66 and a 52 week high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average of $41.09 and a 200 day moving average of $50.54.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.35%. During the same period in the prior year, the firm posted $1.97 earnings per share. On average, research analysts predict that AMN Healthcare Services will post 3.13 earnings per share for the current year.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction that occurred on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $45,481,000. New South Capital Management Inc. increased its holdings in shares of AMN Healthcare Services by 24.6% in the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after purchasing an additional 111,302 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after purchasing an additional 18,264 shares during the last quarter. Virtu Financial LLC bought a new position in shares of AMN Healthcare Services during the first quarter valued at $878,000. Finally, Connors Investor Services Inc. boosted its position in shares of AMN Healthcare Services by 88.0% during the first quarter. Connors Investor Services Inc. now owns 47,966 shares of the company’s stock valued at $2,998,000 after buying an additional 22,447 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.