Brokerages Set AMN Healthcare Services Inc (NYSE:AMN) Target Price at $22.64

AMN Healthcare Services Inc (NYSE:AMN) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.6429.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a research report on Thursday, January 15th. Citizens Jmp boosted their price objective on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. UBS Group boosted their price objective on AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Robert W. Baird boosted their price objective on AMN Healthcare Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th.

AMN Healthcare Services Stock Down 2.9%

AMN stock opened at $17.95 on Friday. The stock’s fifty day simple moving average is $19.19 and its two-hundred day simple moving average is $18.36. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $23.74. The stock has a market cap of $693.39 million, a P/E ratio of -7.21, a P/E/G ratio of 0.73 and a beta of 0.25.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The business had revenue of $748.23 million for the quarter, compared to analysts’ expectations of $723.11 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of AMN Healthcare Services during the 4th quarter worth $168,000. Alpine Global Management LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter worth $176,000. Invesco Ltd. grew its stake in shares of AMN Healthcare Services by 4.9% during the 4th quarter. Invesco Ltd. now owns 410,993 shares of the company’s stock worth $6,477,000 after acquiring an additional 19,352 shares during the period. State of Tennessee Department of Treasury grew its stake in shares of AMN Healthcare Services by 55.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,402 shares of the company’s stock worth $369,000 after acquiring an additional 8,368 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter worth $826,000. Institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.