AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Rating of “Hold” from Analysts

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

AMN has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. JMP Securities lowered their price target on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 13th. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th.

AMN Healthcare Services Stock Up 0.3 %

Shares of NYSE:AMN opened at $52.03 on Tuesday. The firm has a 50 day simple moving average of $55.35 and a 200 day simple moving average of $58.86. AMN Healthcare Services has a 52 week low of $46.74 and a 52 week high of $90.95. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $1.98 billion, a PE ratio of 13.99 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last issued 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 business had revenue of $740.69 million during the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.38 earnings per share. As a group, research analysts expect that AMN Healthcare Services will post 3.15 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

A number of institutional investors and hedge funds have recently made changes to their positions in AMN. Vanguard Group Inc. lifted its holdings in AMN Healthcare Services by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock worth $268,117,000 after purchasing an additional 37,676 shares during the last quarter. Boston Partners lifted its stake in shares of AMN Healthcare Services by 102.7% in the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after buying an additional 1,461,541 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of AMN Healthcare Services in the second quarter worth $99,349,000. Thrivent Financial for Lutherans boosted its holdings in shares of AMN Healthcare Services by 3,753.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after buying an additional 1,230,543 shares during the period. Finally, Swedbank AB acquired a new position in AMN Healthcare Services in the 1st quarter valued at $70,617,000. Institutional investors and hedge funds 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.