Analysts Set AMN Healthcare Services, Inc. (NYSE:AMN) PT at $48.33

AMN Healthcare Services, Inc. (NYSE:AMN) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $48.33.

AMN has been the topic of a number of research reports. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. JMP Securities dropped their target price on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a report on Tuesday, October 22nd. BMO Capital Markets dropped their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Bank of America cut AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $65.00 to $48.00 in a report on Monday, October 7th. Finally, Jefferies Financial Group dropped their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th.

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services in the 3rd quarter worth $30,000. Mather Group LLC. bought a new position in shares of AMN Healthcare Services in the 2nd quarter worth $31,000. Nisa Investment Advisors LLC raised its position in shares of AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after acquiring an additional 219 shares in the last quarter. GAMMA Investing LLC raised its position in shares of AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after acquiring an additional 811 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after buying an additional 1,224 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Up 0.5 %

Shares of AMN opened at $25.84 on Thursday. The business’s 50 day moving average is $37.57 and its 200 day moving average is $48.73. The company has a market capitalization of $983.73 million, a PE ratio of 18.72 and a beta of 0.13. AMN Healthcare Services has a 12-month low of $23.37 and a 12-month high of $80.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The business had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same quarter in the previous year, the company posted $1.97 EPS. Research analysts expect that AMN Healthcare Services will post 3.09 earnings per share for the current fiscal year.

AMN Healthcare Services Company Profile

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.