AMN Healthcare Services (NYSE:AMN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

AMN has been the subject of a number of other research reports. BMO Capital Markets reduced their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Truist Financial reduced their price objective on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.17.

AMN Healthcare Services Stock Up 1.8 %

AMN Healthcare Services stock opened at $23.93 on Tuesday. The firm has a market capitalization of $913.67 million, a P/E ratio of -6.21 and a beta of 0.15. The company has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $30.45. AMN Healthcare Services has a one year low of $22.47 and a one year high of $70.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09.

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

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of AMN. Harbor Capital Advisors Inc. grew its stake in shares of AMN Healthcare Services by 285.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock worth $1,901,000 after purchasing an additional 58,830 shares during the last quarter. Equitable Trust Co. grew its position in AMN Healthcare Services by 125.4% in the fourth quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock worth $515,000 after buying 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% during the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock valued at $7,095,000 after acquiring an additional 235,067 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of AMN Healthcare Services during the 3rd quarter worth $1,892,000. Finally, WCM Investment Management LLC grew its holdings in shares of AMN Healthcare Services by 98.8% in the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock worth $26,367,000 after acquiring an additional 550,427 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.