AMN Healthcare Services (NYSE:AMN) Rating Lowered to "Sell" at StockNews.com

StockNews.com lowered shares of AMN Healthcare Services (NYSE:AMN - Free Report) from a hold rating to a sell rating in a research note released on Monday morning.

Other equities research analysts also recently issued research reports about the company. Truist Financial cut their price target on AMN Healthcare Services from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, February 21st. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Two 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. Based on data from MarketBeat.com, AMN Healthcare Services has an average rating of "Hold" and a consensus price target of $41.17.

AMN Healthcare Services Stock Down 0.6 %

Shares of NYSE AMN traded down $0.15 during midday trading on Monday, hitting $24.09. The company's stock had a trading volume of 1,564,277 shares, compared to its average volume of 862,748. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The firm has a market capitalization of $920.05 million, a price-to-earnings ratio of -6.26 and a beta of 0.15. The business's fifty day simple moving average is $25.87 and its two-hundred day simple moving average is $31.40. AMN Healthcare Services has a 1 year low of $22.47 and a 1 year high of $70.07.

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AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The company had revenue of $734.71 million during the quarter, compared to analysts' expectations of $694.38 million. On average, equities analysts predict that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Several institutional investors have recently modified their holdings of the stock. FMR LLC grew its position in shares of AMN Healthcare Services by 152.4% in the 3rd quarter. FMR LLC now owns 4,640,599 shares of the company's stock valued at $196,715,000 after buying an additional 2,801,663 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of AMN Healthcare Services by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company's stock worth $106,082,000 after purchasing an additional 108,284 shares during the last quarter. State Street Corp increased its position in shares of AMN Healthcare Services by 1.1% during the third quarter. State Street Corp now owns 1,520,429 shares of the company's stock worth $64,451,000 after purchasing an additional 16,075 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of AMN Healthcare Services by 2.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company's stock valued at $54,831,000 after purchasing an additional 30,157 shares during the last quarter. Finally, Newtyn Management LLC acquired a new stake in shares of AMN Healthcare Services in the 4th quarter valued at about $28,417,000. 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.