AMN Healthcare Services (NYSE:AMN) Raised to Hold at StockNews.com

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a research note published on Tuesday morning.

AMN has been the subject of several other research reports. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Truist Financial cut their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Jefferies Financial Group cut their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $26.17 on Tuesday. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $70.07. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The firm has a market cap of $996.33 million, a price-to-earnings ratio of -6.80 and a beta of 0.07. The company has a fifty day moving average price of $25.47 and a 200-day moving average price of $34.31.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The firm had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. As a group, equities research analysts predict that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of AMN Healthcare Services in the 3rd quarter worth about $151,000. Farther Finance Advisors LLC raised its position in AMN Healthcare Services by 455.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after buying an additional 1,224 shares during the last quarter. VELA Investment Management LLC raised its position in AMN Healthcare Services by 142.4% in the 3rd quarter. VELA Investment Management LLC now owns 29,548 shares of the company’s stock worth $1,253,000 after buying an additional 17,358 shares during the last quarter. Janney Montgomery Scott LLC raised its position in AMN Healthcare Services by 13.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,471 shares of the company’s stock worth $783,000 after buying an additional 2,177 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in AMN Healthcare Services by 9.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 20,628 shares of the company’s stock worth $874,000 after buying an additional 1,852 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.