AMN Healthcare Services (NYSE:AMN - Free Report) had its target price decreased by Jefferies Financial Group from $41.00 to $27.00 in a report issued on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.
A number of other equities analysts also recently weighed in on the company. JMP Securities dropped their target price on AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating on the stock in a report on Tuesday, October 22nd. StockNews.com cut AMN Healthcare Services from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Truist Financial dropped 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. Finally, William Blair downgraded AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, AMN Healthcare Services presently has an average rating of "Hold" and a consensus target price of $48.33.
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AMN Healthcare Services Price Performance
Shares of AMN traded down $1.49 on Wednesday, reaching $24.60. The stock had a trading volume of 2,078,209 shares, compared to its average volume of 838,284. AMN Healthcare Services has a twelve month low of $24.35 and a twelve month high of $80.22. The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average of $40.52 and a 200 day moving average of $50.36. The firm has a market capitalization of $936.52 million, a PE ratio of 17.83 and a beta of 0.13.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 EPS for the quarter, topping 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 period in the prior year, the firm posted $1.97 earnings per share. Sell-side analysts expect that AMN Healthcare Services will post 3.11 EPS for the current year.
Insider Buying and Selling at AMN Healthcare Services
In other news, CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction 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 transaction, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.93% of the company's stock.
Hedge Funds Weigh In On AMN Healthcare Services
A number of large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of AMN Healthcare Services by 272.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,716 shares of the company's stock worth $670,000 after buying an additional 7,839 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in AMN Healthcare Services by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 33,073 shares of the company's stock worth $2,067,000 after acquiring an additional 428 shares during the last quarter. SG Americas Securities LLC acquired a new position in AMN Healthcare Services during the first quarter worth about $253,000. Sei Investments Co. boosted its holdings in AMN Healthcare Services by 6.5% in the 1st quarter. Sei Investments Co. now owns 131,135 shares of the company's stock valued at $8,197,000 after purchasing an additional 7,962 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in AMN Healthcare Services by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 173,309 shares of the company's stock valued at $10,834,000 after purchasing an additional 29,685 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.
AMN Healthcare Services Company Profile
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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.
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