Citizens Jmp Issues Positive Forecast for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price target upped by stock analysts at Citizens Jmp from $36.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective points to a potential upside of 16.14% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Robert W. Baird set a $36.00 target price on shares of AMN Healthcare Services in a report on Friday, August 7th. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings upgraded AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday. UBS Group lifted their target price on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Truist Financial boosted their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.43.

AMN Healthcare Services Trading Up 6.2%

NYSE AMN opened at $34.44 on Friday. AMN Healthcare Services has a 12 month low of $14.97 and a 12 month high of $37.22. The company has a current ratio of 1.13, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. The stock’s fifty day moving average price is $32.83 and its 200-day moving average price is $25.54. The stock has a market cap of $1.33 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.19 and a beta of 0.40.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.AMN Healthcare Services’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. As a group, equities analysts forecast that AMN Healthcare Services will post 3.1 EPS for the current fiscal year.

Insider Activity

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AMN Healthcare Services

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in AMN Healthcare Services during the second quarter valued at approximately $215,047,000. Millennium Management LLC boosted its stake in shares of AMN Healthcare Services by 55.8% during the 4th quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock worth $31,614,000 after acquiring an additional 718,048 shares during the last quarter. State Street Corp boosted its stake in shares of AMN Healthcare Services by 1.8% during the 4th quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after acquiring an additional 28,479 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of AMN Healthcare Services by 1,278.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after acquiring an additional 1,300,005 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of AMN Healthcare Services by 50.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after acquiring an additional 463,100 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 (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.