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

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $48.33.

Several research firms have recently commented on AMN. Bank of America cut AMN Healthcare Services from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $65.00 to $48.00 in a report on Monday, October 7th. UBS Group reduced their price target on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, August 9th. William Blair cut AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday, November 8th. BMO Capital Markets reduced their price target 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. Finally, JMP Securities reduced their price target 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.

AMN Healthcare Services Trading Down 1.0 %

Shares of AMN stock opened at $24.80 on Thursday. The business's 50 day moving average is $38.73 and its two-hundred day moving average is $49.30. AMN Healthcare Services has a twelve month low of $23.37 and a twelve month high of $80.22. The company has a market capitalization of $944.04 million, a P/E ratio of 17.97 and a beta of 0.13. 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 - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same period last year, the business posted $1.97 EPS. Equities analysts forecast that AMN Healthcare Services will post 3.09 EPS for the current year.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the business's stock in a transaction dated 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 owns 37,550 shares of the company's stock, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.93% of the company's stock.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently added to or reduced their stakes in AMN. SG Americas Securities LLC purchased a new stake in AMN Healthcare Services during the first quarter valued at about $253,000. ProShare Advisors LLC grew its position in AMN Healthcare Services by 7.4% during the first quarter. ProShare Advisors LLC now owns 7,678 shares of the company's stock valued at $480,000 after acquiring an additional 529 shares during the period. State Board of Administration of Florida Retirement System grew its position in AMN Healthcare Services by 24.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,136 shares of the company's stock valued at $884,000 after acquiring an additional 2,780 shares during the period. Vanguard Group Inc. grew its position in AMN Healthcare Services by 0.9% during the first quarter. Vanguard Group Inc. now owns 4,289,179 shares of the company's stock valued at $268,117,000 after acquiring an additional 37,676 shares during the period. Finally, Clearbridge Investments LLC grew its position in AMN Healthcare Services by 1.8% during the first quarter. Clearbridge Investments LLC now owns 175,502 shares of the company's stock valued at $10,971,000 after acquiring an additional 3,161 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.