AMN Healthcare Services, Inc. (NYSE:AMN) Receives $48.33 Average Target Price from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have received a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $48.33.

Several brokerages have recently commented on AMN. JMP Securities cut their price objective 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. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered their price objective on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Bank of America lowered shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, BMO Capital Markets dropped their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, November 11th.

Insider Buying and Selling

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction dated Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This represents a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.93% of the stock is owned by corporate insiders.

Institutional Trading of AMN Healthcare Services

Several large investors have recently modified their holdings of AMN. FMR LLC raised its holdings in AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at about $99,349,000. State Street Corp raised its stake in AMN Healthcare Services by 1.1% in the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock worth $64,451,000 after buying an additional 16,075 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in AMN Healthcare Services by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock worth $54,831,000 after buying an additional 30,157 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in AMN Healthcare Services by 23.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock worth $46,499,000 after buying an additional 209,180 shares during the period. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Down 3.9 %

Shares of NYSE:AMN opened at $23.52 on Monday. The firm has a fifty day moving average price of $32.24 and a two-hundred day moving average price of $44.89. The company has a market cap of $895.50 million, a price-to-earnings ratio of 17.04 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. AMN Healthcare Services has a one year low of $23.13 and a one year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $687.51 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same quarter last year, the company earned $1.97 earnings per share. Analysts anticipate that AMN Healthcare Services will post 3.07 EPS for the current fiscal year.

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.