AMN Healthcare Services (NYSE:AMN) Price Target Raised to $24.00

AMN Healthcare Services (NYSE:AMN) had its target price increased by Citizens Jmp from $22.00 to $24.00 in a report released on Monday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Several other research firms have also weighed in on AMN. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. UBS Group boosted their price objective on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Finally, Robert W. Baird increased their price target on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.64.

AMN Healthcare Services Trading Down 2.0%

Shares of AMN Healthcare Services stock opened at $19.99 on Monday. The company has a 50-day moving average of $18.06 and a two-hundred day moving average of $18.42. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $27.17. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 1.19. The stock has a market cap of $772.34 million, a PE ratio of -8.03, a price-to-earnings-growth ratio of 1.11 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The business had revenue of $748.23 million for the quarter, compared to analyst estimates of $723.11 million. During the same quarter in the previous year, the company earned $0.75 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of AMN. Invesco Ltd. lifted its stake in shares of AMN Healthcare Services by 4.9% during the 4th quarter. Invesco Ltd. now owns 410,993 shares of the company’s stock worth $6,477,000 after purchasing an additional 19,352 shares during the period. State of Tennessee Department of Treasury boosted its stake in AMN Healthcare Services by 55.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 23,402 shares of the company’s stock worth $369,000 after buying an additional 8,368 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of AMN Healthcare Services during the 4th quarter worth about $826,000. XTX Topco Ltd boosted its position in shares of AMN Healthcare Services by 20.4% in the fourth quarter. XTX Topco Ltd now owns 55,748 shares of the company’s stock worth $879,000 after acquiring an additional 9,446 shares during the last quarter. Finally, VARCOV Co. purchased a new stake in AMN Healthcare Services in the fourth quarter valued at approximately $1,190,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.