Truist Financial Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $50.00

AMN Healthcare Services (NYSE:AMN) had its price objective decreased by Truist Financial from $70.00 to $50.00 in a research report sent to investors on Monday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on AMN. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a research note on Friday, October 4th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, BMO Capital Markets upped their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.17.

AMN Healthcare Services Trading Down 0.6 %

Shares of AMN Healthcare Services stock opened at $39.42 on Monday. The company’s 50-day moving average price is $45.12 and its 200-day moving average price is $52.49. 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 has a 12-month low of $36.50 and a 12-month high of $80.22. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 10.60 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The business’s revenue for the quarter was down 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 EPS. On average, equities analysts expect that AMN Healthcare Services will post 3.21 earnings per share 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 the stock. 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 during the period. Pacer Advisors Inc. bought a new stake in AMN Healthcare Services during the 2nd quarter valued at $99,349,000. Thrivent Financial for Lutherans boosted its position in AMN Healthcare Services by 3,753.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock valued at $64,721,000 after buying an additional 1,230,543 shares during the period. Swedbank AB bought a new stake in AMN Healthcare Services in the 1st quarter worth $70,617,000. Finally, Dimensional Fund Advisors LP grew its holdings in AMN Healthcare Services by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,043,662 shares of the company’s stock worth $53,468,000 after acquiring an additional 37,760 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.