Analysts Set AMN Healthcare Services, Inc. (NYSE:AMN) PT at $32.08

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have earned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $32.08.

AMN has been the subject of several research analyst reports. Wall Street Zen upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Truist Financial reduced their price objective on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. UBS Group reduced their price objective on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Finally, BMO Capital Markets reduced their target price on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $21.55 on Monday. The firm has a market capitalization of $825.04 million, a P/E ratio of -5.60 and a beta of 0.19. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock’s 50-day simple moving average is $20.51 and its two-hundred day simple moving average is $23.62. AMN Healthcare Services has a twelve month low of $17.45 and a twelve month high of $70.07.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The firm had revenue of $689.53 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was down 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Barclays PLC lifted its position in AMN Healthcare Services by 279.2% during the third quarter. Barclays PLC now owns 91,801 shares of the company’s stock valued at $3,891,000 after purchasing an additional 67,595 shares in the last quarter. KBC Group NV increased its stake in AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after acquiring an additional 1,303 shares during the last quarter. Thompson Investment Management Inc. increased its stake in AMN Healthcare Services by 381.8% during the fourth quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after acquiring an additional 235,067 shares during the last quarter. WCM Investment Management LLC increased its stake in AMN Healthcare Services by 98.8% during the fourth quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after acquiring an additional 550,427 shares during the last quarter. Finally, Equitable Trust Co. grew its stake in shares of AMN Healthcare Services by 125.4% during the fourth quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock valued at $515,000 after buying an additional 11,974 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.