Analysts Set AMN Healthcare Services Inc (NYSE:AMN) Price Target at $21.42

AMN Healthcare Services Inc (NYSE:AMN) has been assigned an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.4167.

A number of analysts recently issued reports on AMN shares. Truist Financial raised their price target on AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 8th. UBS Group raised their price objective on shares of AMN Healthcare Services from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th.

AMN Healthcare Services Stock Down 1.6%

Shares of NYSE:AMN opened at $15.77 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. AMN Healthcare Services has a 12 month low of $14.86 and a 12 month high of $30.49. The company has a 50-day moving average price of $17.09 and a 200 day moving average price of $18.89. The company has a market cap of $605.73 million, a price-to-earnings ratio of -2.19 and a beta of 0.20.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.20. The company had revenue of $634.50 million for the quarter, compared to analysts’ expectations of $618.08 million. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently bought and sold shares of AMN. Strengthening Families & Communities LLC increased its stake in AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 1,207 shares during the period. Caption Management LLC grew its holdings in shares of AMN Healthcare Services by 400.0% in the first quarter. Caption Management LLC now owns 2,500 shares of the company’s stock worth $61,000 after purchasing an additional 2,000 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services in the 3rd quarter worth about $63,000. Tower Research Capital LLC TRC lifted its holdings in AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares in the last quarter. Finally, Covestor Ltd boosted its position in AMN Healthcare Services by 13.9% in the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after buying an additional 579 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.