Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) PT at $67.83

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.83.

A number of brokerages have weighed in on AMN. Bank of America increased their price target on AMN Healthcare Services from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. BMO Capital Markets raised their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. JMP Securities dropped their price objective on shares of AMN Healthcare Services from $75.00 to $66.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 13th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. Finally, UBS Group dropped their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th.

Institutional Trading of AMN Healthcare Services

Several large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services in the second quarter valued at about $31,000. Nisa Investment Advisors LLC raised its stake in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after purchasing an additional 219 shares during the period. Quarry LP lifted its position in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of AMN Healthcare Services in the fourth quarter valued at $49,000. Finally, Geneos Wealth Management Inc. acquired a new stake in AMN Healthcare Services during the 1st quarter valued at $58,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $43.01 on Friday. AMN Healthcare Services has a 12-month low of $42.23 and a 12-month high of $89.21. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 11.56 and a beta of 0.12. The company’s 50-day moving average is $54.80 and its two-hundred day moving average is $56.49. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The company’s quarterly revenue was down 25.3% compared to the same quarter last year. Research analysts expect that AMN Healthcare Services will post 3.26 EPS for the current year.

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.