AMN Healthcare Services (NYSE:AMN) Shares Up 6.3% – Time to Buy?

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price shot up 6.3% during trading on Monday . The stock traded as high as $39.42 and last traded at $39.22. 139,606 shares were traded during trading, a decline of 82% from the average session volume of 791,873 shares. The stock had previously closed at $36.90.

Analysts Set New Price Targets

Several research firms have recently commented on AMN. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Truist Financial reduced their target price on AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, October 21st. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. UBS Group reduced their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, JMP Securities reduced their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.20.

AMN Healthcare Services Trading Up 2.8 %

The business’s 50 day moving average is $43.63 and its two-hundred day moving average is $51.63. 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 firm has a market capitalization of $1.44 billion, a P/E ratio of 15.14 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly 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. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. During the same period in the previous year, the business earned $2.38 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 25.3% compared to the same quarter last year. Analysts expect that AMN Healthcare Services, Inc. will post 3.15 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently bought and sold shares of the stock. Mather Group LLC. purchased a new position in AMN Healthcare Services in the 2nd quarter worth about $31,000. Nisa Investment Advisors LLC grew its stake in AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in AMN Healthcare Services during the 1st quarter valued at about $58,000. GAMMA Investing LLC grew its stake in AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in AMN Healthcare Services during the 2nd quarter valued at about $65,000. 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.