Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) Price Target at $48.33

AMN Healthcare Services, Inc. (NYSE:AMN) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $48.33.

A number of equities research analysts recently weighed in on the company. JMP Securities dropped their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. Truist Financial lowered their price objective on AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. UBS Group lowered their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th.

Insider Activity at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.93% of the stock is currently owned by insiders.

Institutional Trading of AMN Healthcare Services

Several large investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AMN Healthcare Services by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company’s stock valued at $268,117,000 after purchasing an additional 37,676 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of AMN Healthcare Services during the second quarter valued at about $99,349,000. State Street Corp boosted its stake in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after purchasing an additional 16,075 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after purchasing an additional 30,157 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Up 0.1 %

AMN opened at $26.30 on Thursday. AMN Healthcare Services has a 1-year low of $23.37 and a 1-year high of $80.22. The stock’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $48.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The stock has a market cap of $1.00 billion, a PE ratio of 19.06 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The business had revenue of $687.51 million for the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the prior year, the business earned $1.97 EPS. As a group, research analysts expect that AMN Healthcare Services will post 3.09 earnings per share for the current year.

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.