AMN Healthcare Services (NYSE:AMN) Price Target Raised to $45.00

AMN Healthcare Services (NYSE:AMN) had its price objective raised by Truist Financial from $40.00 to $45.00 in a research note released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Bank of America reiterated an “underperform” rating on shares of AMN Healthcare Services in a research report on Friday, November 6th. Wall Street Zen downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 25th. BMO Capital Markets upped their price objective on shares of AMN Healthcare Services from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a report on Friday, August 7th. Finally, Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.17.

AMN Healthcare Services Stock Up 0.7%

Shares of NYSE AMN opened at $38.06 on Monday. AMN Healthcare Services has a 1 year low of $14.97 and a 1 year high of $49.62. The firm’s 50 day moving average price is $38.43 and its 200 day moving average price is $29.34. The firm has a market cap of $1.47 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 5.08 and a beta of 0.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.13 and a current ratio of 1.21.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.93. AMN Healthcare Services had a return on equity of 23.42% and a net margin of 3.10%. The company had revenue of $717.27 million during the quarter, compared to the consensus estimate of $649.55 million. During the same period in the previous year, the firm posted $0.39 EPS. AMN Healthcare Services’s revenue was up 13.0% on a year-over-year basis. As a group, sell-side analysts anticipate that AMN Healthcare Services will post 3.87 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in AMN Healthcare Services by 91.6% during the third quarter. Public Sector Pension Investment Board now owns 427,785 shares of the company’s stock worth $15,565,000 after acquiring an additional 204,520 shares during the last quarter. HighTower Advisors LLC acquired a new position in shares of AMN Healthcare Services in the 3rd quarter valued at about $208,000. Intech Investment Management LLC lifted its stake in shares of AMN Healthcare Services by 72.4% in the 3rd quarter. Intech Investment Management LLC now owns 72,925 shares of the company’s stock valued at $2,616,000 after purchasing an additional 30,618 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of AMN Healthcare Services in the 3rd quarter valued at about $304,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of AMN Healthcare Services during the 3rd quarter worth about $1,268,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc. is a healthcare workforce solutions company that helps healthcare organizations recruit and manage clinical and nonclinical staff. Its clients include hospitals, health systems, physician groups and other care providers. The company’s services include temporary and permanent staffing for nurses, physicians and allied healthcare professionals; locum tenens staffing; and workforce management programs. AMN also provides language interpretation and related services, as well as technology and consulting solutions to support workforce planning and recruitment.