AMN Healthcare Services (NYSE:AMN) Stock Rating Lowered by StockNews.com

AMN Healthcare Services (NYSE:AMN) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

AMN has been the topic of a number of other reports. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. JMP Securities reiterated a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. Finally, Truist Financial lowered their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and an average price target of $41.17.

AMN Healthcare Services Stock Down 7.9 %

AMN Healthcare Services stock traded down $2.11 during midday trading on Monday, hitting $24.63. 747,348 shares of the company’s stock were exchanged, compared to its average volume of 861,026. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. AMN Healthcare Services has a 12 month low of $22.47 and a 12 month high of $70.07. The firm has a 50-day moving average of $25.98 and a two-hundred day moving average of $31.70. The company has a market cap of $940.60 million, a PE ratio of -6.40 and a beta of 0.15.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. The firm had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. As a group, analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in AMN Healthcare Services during the 3rd quarter valued at approximately $30,000. Jones Financial Companies Lllp lifted its position in AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares during the period. LRI Investments LLC lifted its position in AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after purchasing an additional 1,274 shares during the period. Quarry LP lifted its position in AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after purchasing an additional 654 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after buying an additional 754 shares during the period. 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.