AMN Healthcare Services (NYSE:AMN) Price Target Lowered to $50.00 at Truist Financial

AMN Healthcare Services (NYSE:AMN - Free Report) had its price objective reduced by Truist Financial from $70.00 to $50.00 in a research note issued to investors on Monday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Benchmark reaffirmed a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. UBS Group dropped their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, August 9th. BMO Capital Markets boosted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. JMP Securities restated a "market outperform" rating and set a $66.00 price target on shares of AMN Healthcare Services in a research note on Friday, October 4th. Finally, StockNews.com downgraded AMN Healthcare Services from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.67.

AMN Healthcare Services Trading Down 3.5 %

NYSE AMN traded down $1.42 during mid-day trading on Monday, reaching $39.59. 765,907 shares of the stock were exchanged, compared to its average volume of 804,176. AMN Healthcare Services has a one year low of $36.50 and a one year high of $80.22. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $52.93. The stock has a market cap of $1.50 billion, a P/E ratio of 10.82 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.22. The company had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. AMN Healthcare Services's revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 EPS. On average, analysts anticipate that AMN Healthcare Services will post 3.21 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds have recently made changes to their positions in the business. Mather Group LLC. bought a new stake in AMN Healthcare Services during the second quarter worth approximately $31,000. Nisa Investment Advisors LLC raised its holdings 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 valued at $38,000 after purchasing an additional 219 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in AMN Healthcare Services during the first quarter worth $58,000. GAMMA Investing LLC boosted its position in AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company's stock valued at $59,000 after purchasing an additional 811 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in AMN Healthcare Services during the second quarter valued at about $65,000. 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.