AMN Healthcare Services, Inc. (NYSE:AMN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $41.17.

AMN has been the topic of several research reports. BMO Capital Markets lowered their price objective 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, February 24th. Truist Financial dropped their target price on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Finally, StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. Newtyn Management LLC bought a new position in shares of AMN Healthcare Services during the fourth quarter valued at about $28,417,000. WCM Investment Management LLC increased its holdings in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company’s stock valued at $26,367,000 after purchasing an additional 550,427 shares during the period. Voloridge Investment Management LLC purchased a new stake in AMN Healthcare Services in the 4th quarter worth approximately $12,685,000. Finally, Reinhart Partners LLC. bought a new stake in shares of AMN Healthcare Services in the 4th quarter worth approximately $12,341,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Trading Down 2.6 %

AMN opened at $23.81 on Wednesday. The company has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $29.80. AMN Healthcare Services has a 1-year low of $22.47 and a 1-year high of $70.07. The company has a market cap of $909.39 million, a P/E ratio of -6.19 and a beta of 0.15. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49.

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