AMN Healthcare Services (NYSE:AMN) Receives Market Outperform Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of AMN Healthcare Services (NYSE:AMN) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $34.00 price target on the stock.

Several other research analysts also recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. BMO Capital Markets decreased their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Truist Financial dropped their price target on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and a consensus price target of $44.50.

AMN Healthcare Services Stock Down 2.1 %

AMN stock opened at $26.05 on Thursday. The stock’s 50 day simple moving average is $25.99 and its 200 day simple moving average is $38.21. The company has a market cap of $991.69 million, a P/E ratio of 18.88 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. AMN Healthcare Services has a fifty-two week low of $22.47 and a fifty-two week high of $79.74.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The company had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. During the same period in the prior year, the firm earned $1.97 earnings per share. On average, research analysts expect that AMN Healthcare Services will post 3.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Truvestments Capital LLC purchased a new position in shares of AMN Healthcare Services in the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC raised its stake in shares of AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after purchasing an additional 1,224 shares during the period. Jones Financial Companies Lllp raised its position in AMN Healthcare Services by 33.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after acquiring an additional 377 shares during the period. Quarry LP boosted its stake in AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after acquiring an additional 654 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after acquiring an additional 754 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.