AMN Healthcare Services (NYSE:AMN) Trading 4.6% Higher - What's Next?

Shares of AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) shot up 4.6% during trading on Thursday . The company traded as high as $43.08 and last traded at $42.50. 501,722 shares were traded during trading, a decline of 37% from the average session volume of 799,544 shares. The stock had previously closed at $40.62.

Analysts Set New Price Targets

AMN has been the subject of a number of research analyst reports. StockNews.com downgraded shares of AMN Healthcare Services from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. UBS Group decreased their target price on AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Bank of America downgraded AMN Healthcare Services from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $65.00 to $48.00 in a report on Monday, October 7th. BMO Capital Markets upped their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Finally, Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $65.00.

AMN Healthcare Services Stock Performance

The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The company has a 50 day moving average price of $46.92 and a 200 day moving average price of $53.23. The company has a market capitalization of $1.61 billion, a PE ratio of 10.92 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data 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. 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%. The firm's revenue for the quarter was down 25.3% compared to the same quarter last year. During the same period last year, the business earned $2.38 EPS. Equities analysts forecast that AMN Healthcare Services, Inc. will post 3.21 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in AMN Healthcare Services by 41.4% during 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 during the period. Arizona State Retirement System boosted its holdings in shares of AMN Healthcare Services by 2.1% during the second quarter. Arizona State Retirement System now owns 10,606 shares of the company's stock valued at $543,000 after acquiring an additional 221 shares during the period. Pitcairn Co. increased its holdings in shares of AMN Healthcare Services by 4.2% in the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company's stock worth $384,000 after acquiring an additional 249 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in AMN Healthcare Services by 3.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company's stock valued at $345,000 after purchasing an additional 252 shares during the last quarter. Finally, CWM LLC boosted its stake in AMN Healthcare Services by 2.1% during the 1st quarter. CWM LLC now owns 13,087 shares of the company's stock valued at $818,000 after purchasing an additional 269 shares during the period. 99.23% of the stock is currently owned by institutional investors.

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.

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