AMN Healthcare Services Inc (NYSE:AMN) Receives $25.29 Average PT from Analysts

AMN Healthcare Services Inc (NYSE:AMN) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.00.

Several analysts recently issued reports on AMN shares. Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group upped their target price on AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Truist Financial upped their target price on AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings upgraded AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $36.00 target price on shares of AMN Healthcare Services in a report on Tuesday.

AMN Healthcare Services Stock Performance

AMN opened at $31.09 on Friday. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $33.13. The firm has a market capitalization of $1.21 billion, a PE ratio of -35.74, a PEG ratio of 0.70 and a beta of 0.44. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day simple moving average is $26.51 and its 200 day simple moving average is $21.16.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. AMN Healthcare Services’s revenue was up 99.9% on a year-over-year basis. As a group, sell-side analysts expect that AMN Healthcare Services will post 2.7 earnings per share for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director owned 17,917 shares in the company, valued at $556,681.19. This represents a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Arrowstreet Capital Limited Partnership raised its stake in AMN Healthcare Services by 1,278.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after buying an additional 1,300,005 shares during the period. Boston Partners raised its stake in AMN Healthcare Services by 7,583.1% in the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after buying an additional 1,021,672 shares during the period. Woodline Partners LP bought a new stake in AMN Healthcare Services in the third quarter valued at approximately $19,176,000. Millennium Management LLC raised its stake in AMN Healthcare Services by 262.1% in the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after buying an additional 932,269 shares during the period. Finally, Renaissance Technologies LLC raised its stake in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after buying an additional 463,100 shares during the period. 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.