Citizens Jmp Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $22.00

AMN Healthcare Services (NYSE:AMN) had its price objective reduced by equities research analysts at Citizens Jmp from $24.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s price target would suggest a potential upside of 33.89% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Truist Financial raised their target price on AMN Healthcare Services from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Hold” and an average target price of $21.42.

AMN Healthcare Services Trading Up 1.1%

NYSE:AMN opened at $16.43 on Friday. The stock has a market cap of $631.11 million, a price-to-earnings ratio of -2.29 and a beta of 0.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $30.49. The business has a fifty day moving average of $17.87 and a 200-day moving average of $19.24.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.20. The business had revenue of $634.50 million for the quarter, compared to analysts’ expectations of $618.08 million. AMN Healthcare Services had a negative net margin of 10.14% and a positive return on equity of 10.89%. The company’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. Equities analysts predict that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thompson Investment Management Inc. boosted its stake in AMN Healthcare Services by 5.0% during the 2nd quarter. Thompson Investment Management Inc. now owns 324,227 shares of the company’s stock valued at $6,702,000 after purchasing an additional 15,420 shares during the period. Millennium Management LLC lifted its holdings in shares of AMN Healthcare Services by 137.5% during the first quarter. Millennium Management LLC now owns 1,097,482 shares of the company’s stock worth $26,844,000 after buying an additional 635,296 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of AMN Healthcare Services by 3.2% during the second quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock worth $352,000 after buying an additional 534 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of AMN Healthcare Services in the second quarter valued at approximately $2,585,000. Finally, CWM LLC grew its stake in shares of AMN Healthcare Services by 68.2% in the second quarter. CWM LLC now owns 47,061 shares of the company’s stock worth $973,000 after acquiring an additional 19,074 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About AMN Healthcare Services

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.