AMN Healthcare Services Inc (NYSE:AMN) Stock Has Average Target Price of $36.00 According to Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.00.

Several brokerages have recently commented on AMN. UBS Group boosted their target price on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of AMN Healthcare Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Truist Financial lifted their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, September 11th. Finally, Robert W. Baird set a $36.00 price target on shares of AMN Healthcare Services in a research report on Friday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AMN. Tidal Investments LLC acquired a new position in shares of AMN Healthcare Services in the 2nd quarter worth approximately $2,301,000. Integrated Wealth Concepts LLC bought a new stake in AMN Healthcare Services during the 2nd quarter worth approximately $49,000. IFP Advisors Inc increased its holdings in AMN Healthcare Services by 849.6% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,147 shares in the last quarter. Allworth Financial LP increased its holdings in AMN Healthcare Services by 298.2% during the 2nd quarter. Allworth Financial LP now owns 1,995 shares of the company’s stock valued at $65,000 after purchasing an additional 1,494 shares in the last quarter. Finally, Corient Private Wealth LP increased its holdings in AMN Healthcare Services by 159.2% during the 2nd quarter. Corient Private Wealth LP now owns 101,418 shares of the company’s stock valued at $3,283,000 after purchasing an additional 62,294 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

Shares of AMN Healthcare Services stock opened at $34.96 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38. The firm’s 50-day simple moving average is $34.04 and its 200-day simple moving average is $28.88. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $37.22. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13.

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 net margin of 3.06% and a return on equity of 19.92%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 earnings per share. As a group, research analysts expect that AMN Healthcare Services will post 3.32 EPS for the current fiscal year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company’s offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.