AMN Healthcare Services, Inc. (NYSE:AMN) Receives $87.25 Consensus Price Target from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have been given an average rating of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $87.25.

A number of equities research analysts have weighed in on AMN shares. JMP Securities lowered their price target on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Monday, February 26th. StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday. Finally, BMO Capital Markets cut their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Tuesday, February 20th.

AMN Healthcare Services Trading Down 0.5 %

Shares of AMN opened at $56.82 on Wednesday. AMN Healthcare Services has a 1-year low of $53.77 and a 1-year high of $112.44. The company has a market capitalization of $2.15 billion, a P/E ratio of 10.74 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50 day simple moving average is $62.22 and its 200 day simple moving average is $69.05.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million for the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the prior year, the firm earned $2.48 EPS. The business’s revenue for the quarter was down 27.3% compared to the same quarter last year. Sell-side analysts forecast that AMN Healthcare Services will post 3.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Caroline Grace acquired 17,500 shares of the stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the transaction, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Caroline Grace purchased 17,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey R. Knudson acquired 6,951 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $57.75 per share, for a total transaction of $401,420.25. Following the transaction, the chief financial officer now directly owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The disclosure for this purchase can be found here. Insiders have purchased 26,626 shares of company stock valued at $1,516,899 in the last ninety days. Company insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of AMN Healthcare Services by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,662,414 shares of the company’s stock valued at $590,760,000 after buying an additional 59,967 shares during the period. Boston Partners increased its position in AMN Healthcare Services by 102.7% during the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock valued at $216,038,000 after purchasing an additional 1,461,541 shares during the period. State Street Corp increased its position in AMN Healthcare Services by 3.7% during the 1st quarter. State Street Corp now owns 1,555,978 shares of the company’s stock valued at $162,335,000 after purchasing an additional 56,075 shares during the period. Pacer Advisors Inc. raised its holdings in AMN Healthcare Services by 145.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after purchasing an additional 828,390 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of AMN Healthcare Services by 12.9% in the 1st quarter. Federated Hermes Inc. now owns 1,160,843 shares of the company’s stock worth $121,110,000 after purchasing an additional 132,587 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.