AMN Healthcare Services, Inc. (NYSE:AMN) Given Average Recommendation of "Hold" by Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) have been assigned an average rating of "Hold" from the seven research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $67.83.

A number of brokerages have weighed in on AMN. BMO Capital Markets raised their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a report on Monday, August 12th. UBS Group lowered their target price on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. JMP Securities cut their target price on AMN Healthcare Services from $75.00 to $66.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 13th. StockNews.com lowered shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. Finally, Benchmark reiterated a "hold" rating on shares of AMN Healthcare Services in a report on Wednesday.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in AMN Healthcare Services during the second quarter worth approximately $99,349,000. Thrivent Financial for Lutherans increased its position in shares of AMN Healthcare Services by 3,753.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock worth $64,721,000 after purchasing an additional 1,230,543 shares during the last quarter. Swedbank AB bought a new stake in AMN Healthcare Services in the first quarter valued at about $70,617,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at approximately $45,481,000. Finally, American Century Companies Inc. raised its position in shares of AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company's stock valued at $39,710,000 after acquiring an additional 378,266 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Down 3.7 %

Shares of AMN traded down $1.52 during mid-day trading on Wednesday, hitting $39.74. 945,076 shares of the company traded hands, compared to its average volume of 795,128. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services has a 1-year low of $39.26 and a 1-year high of $87.87. The company has a market capitalization of $1.51 billion, a PE ratio of 10.68 and a beta of 0.12. The business has a 50 day moving average of $52.31 and a 200 day moving average of $55.03.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. During the same period last year, the firm earned $2.38 EPS. The firm's revenue for the quarter was down 25.3% compared to the same quarter last year. Equities research analysts anticipate that AMN Healthcare Services will post 3.26 EPS for the current 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.