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

Shares of AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) have received a consensus recommendation of "Hold" from the eight ratings firms that are 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 given a buy recommendation to 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.

Several research analysts have weighed in on AMN shares. Bank of America downgraded AMN Healthcare Services from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Truist Financial decreased their price target on AMN Healthcare Services from $50.00 to $47.00 and set a "buy" rating for the company in a report on Friday, November 8th. Jefferies Financial Group dropped 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 note on Wednesday, November 13th. Benchmark restated a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, William Blair lowered shares of AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research note on Friday, November 8th.

Insider Transactions at AMN Healthcare Services

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.93% of the company's stock.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in AMN Healthcare Services during the third quarter worth $30,000. Nisa Investment Advisors LLC boosted 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 buying an additional 219 shares in the last quarter. Innealta Capital LLC acquired a new stake in AMN Healthcare Services in the 2nd quarter valued at about $65,000. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 1,224 shares in the last quarter. Finally, Quarry LP raised its position in AMN Healthcare Services by 48.4% during the third quarter. Quarry LP now owns 2,006 shares of the company's stock worth $85,000 after acquiring an additional 654 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Performance

AMN stock traded down $1.54 on Monday, hitting $25.48. The company's stock had a trading volume of 908,469 shares, compared to its average volume of 851,864. The stock has a market cap of $970.13 million, a price-to-earnings ratio of 18.46 and a beta of 0.04. The firm has a 50 day moving average of $32.79 and a two-hundred day moving average of $45.32. 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 has a 1 year low of $23.37 and a 1 year high of $80.22.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $670.08 million. During the same period in the prior year, the company earned $1.97 earnings per share. Equities analysts predict 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.