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

AMN Healthcare Services, Inc. (NYSE:AMN) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $48.33.

AMN has been the subject of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Wednesday, October 2nd. Truist Financial decreased their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 8th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. BMO Capital Markets decreased their price objective on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, UBS Group decreased their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, August 9th.

Insiders Place Their Bets

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

Hedge funds have recently made changes to their positions in the company. Versor Investments LP bought a new stake in shares of AMN Healthcare Services in the third quarter valued at $818,000. Anthracite Investment Company Inc. bought a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at $1,696,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at $45,481,000. New South Capital Management Inc. raised its stake in shares of AMN Healthcare Services by 24.6% during the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after purchasing an additional 111,302 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of AMN Healthcare Services by 366.6% during the 1st quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock valued at $1,455,000 after purchasing an additional 18,264 shares during the period. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Price Performance

Shares of AMN opened at $26.30 on Thursday. AMN Healthcare Services has a 1 year low of $23.37 and a 1 year high of $80.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.06 and a beta of 0.13. The business has a 50-day moving average of $36.80 and a 200-day moving average of $48.13.

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. The business had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the previous year, the company posted $1.97 earnings per share. As a group, equities research analysts anticipate that AMN Healthcare Services will post 3.09 earnings per share for the current year.

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.