AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $65.00 at UBS Group

AMN Healthcare Services (NYSE:AMN) had its price objective lowered by UBS Group from $66.00 to $65.00 in a report released on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently issued reports on AMN. StockNews.com downgraded AMN Healthcare Services from a hold rating to a sell rating in a research note on Wednesday, July 31st. JMP Securities reissued a market outperform rating and issued a $75.00 target price on shares of AMN Healthcare Services in a report on Friday, May 10th. Bank of America raised their target price on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the company a neutral rating in a research note on Wednesday, May 15th. Truist Financial decreased their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets reduced their target price on AMN Healthcare Services from $80.00 to $71.00 and set an outperform rating on the stock in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $69.33.

AMN Healthcare Services Stock Down 6.5 %

Shares of NYSE:AMN traded down $4.07 during midday trading on Friday, reaching $58.14. The company’s stock had a trading volume of 2,388,939 shares, compared to its average volume of 795,838. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average of $55.51 and a 200-day moving average of $59.64. The firm has a market capitalization of $2.21 billion, a P/E ratio of 15.63 and a beta of 0.12. AMN Healthcare Services has a 12-month low of $46.74 and a 12-month high of $92.53.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.23. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The business had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. During the same period last year, the business earned $2.38 EPS. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. On average, research analysts anticipate that AMN Healthcare Services will post 3.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its holdings in shares of AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after purchasing an additional 147 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of AMN Healthcare Services in the fourth quarter worth about $31,000. Mather Group LLC. acquired a new position in shares of AMN Healthcare Services in the second quarter worth about $31,000. Nisa Investment Advisors LLC boosted its stake in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after acquiring an additional 219 shares in the last quarter. Finally, Quarry LP grew its position in shares of AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after acquiring an additional 204 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.