AMN Healthcare Services (NYSE:AMN) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a research report released on Monday morning.

AMN has been the topic of several other research reports. BMO Capital Markets lowered their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. Finally, Truist Financial lowered their price target on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Trading Down 1.7 %

AMN Healthcare Services stock opened at $24.55 on Monday. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $937.35 million, a price-to-earnings ratio of -6.38 and a beta of 0.15. The firm has a 50-day moving average price of $25.91 and a two-hundred day moving average price of $31.45.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. Sell-side analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Anthracite Investment Company Inc. purchased a new stake in shares of AMN Healthcare Services during the 3rd quarter worth about $1,696,000. Harbor Capital Advisors Inc. raised its holdings in shares of AMN Healthcare Services by 285.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after purchasing an additional 58,830 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of AMN Healthcare Services by 125.4% in the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock valued at $515,000 after purchasing an additional 11,974 shares during the last quarter. Thompson Investment Management Inc. lifted its position in shares of AMN Healthcare Services by 381.8% in the fourth quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after buying an additional 235,067 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of AMN Healthcare Services during the 3rd quarter valued at about $1,892,000. Institutional investors and hedge funds 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.