Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) Target Price at $48.33

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) has been assigned an average recommendation of "Hold" from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One investment 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 12-month price objective among analysts that have issued a report on the stock in the last year is $48.33.

AMN has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Truist Financial reduced their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. 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. Finally, Bank of America downgraded shares of AMN Healthcare Services from a "neutral" rating to an "underperform" rating and cut their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th.

AMN Healthcare Services Price Performance

Shares of AMN traded up $0.47 during mid-day trading on Friday, hitting $26.98. 629,146 shares of the stock were exchanged, compared to its average volume of 706,124. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $1.03 billion, a PE ratio of 19.55 and a beta of 0.05. AMN Healthcare Services has a 52-week low of $22.47 and a 52-week high of $79.74. The firm has a 50-day moving average of $26.96 and a two-hundred day moving average of $41.55.

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

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.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors have recently made changes to their positions in AMN. FMR LLC grew its holdings in AMN Healthcare Services by 152.4% during the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company's stock worth $196,715,000 after acquiring an additional 2,801,663 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of AMN Healthcare Services during the second quarter valued at approximately $99,349,000. Thrivent Financial for Lutherans increased its holdings in AMN Healthcare Services by 3,753.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock valued at $64,721,000 after buying an additional 1,230,543 shares during the period. American Century Companies Inc. raised its stake in AMN Healthcare Services by 95.3% in the second quarter. American Century Companies Inc. now owns 775,139 shares of the company's stock worth $39,710,000 after buying an additional 378,266 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in AMN Healthcare Services by 54.5% during the third quarter. Wellington Management Group LLP now owns 773,015 shares of the company's stock worth $32,768,000 after buying an additional 272,552 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

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.