Benchmark Reiterates Hold Rating for AMN Healthcare Services (NYSE:AMN)

Benchmark reiterated their hold rating on shares of AMN Healthcare Services (NYSE:AMN - Free Report) in a research note issued to investors on Wednesday, Benzinga reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets increased their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an outperform rating in a research report on Monday, August 12th. JMP Securities dropped their price target on AMN Healthcare Services from $75.00 to $66.00 and set a market outperform rating for the company in a research report on Tuesday, August 13th. UBS Group decreased their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a neutral rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com cut AMN Healthcare Services from a hold rating to a sell rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $67.83.

AMN Healthcare Services Price Performance

Shares of AMN traded down $1.50 during midday trading on Wednesday, hitting $39.76. 945,055 shares of the company traded hands, compared to its average volume of 795,128. AMN Healthcare Services has a 52 week low of $39.26 and a 52 week high of $87.87. 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 firm has a 50 day moving average of $52.31 and a 200-day moving average of $55.03. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 11.01 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results 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 business had revenue of $740.69 million during the quarter, compared to analysts' expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The firm's revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 EPS. On average, analysts forecast that AMN Healthcare Services will post 3.26 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently modified their holdings of AMN. Franklin Resources Inc. lifted its position in shares of AMN Healthcare Services by 25.9% during the fourth quarter. Franklin Resources Inc. now owns 14,751 shares of the company's stock worth $1,105,000 after purchasing an additional 3,031 shares during the last quarter. TD Asset Management Inc boosted its position in AMN Healthcare Services by 14.4% in the 4th quarter. TD Asset Management Inc now owns 30,900 shares of the company's stock valued at $2,314,000 after buying an additional 3,900 shares during the period. Belpointe Asset Management LLC grew its stake in AMN Healthcare Services by 40.8% in the 4th quarter. Belpointe Asset Management LLC now owns 4,532 shares of the company's stock worth $339,000 after acquiring an additional 1,313 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of AMN Healthcare Services by 60.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 289,066 shares of the company's stock worth $21,645,000 after acquiring an additional 108,657 shares during the period. Finally, Keeley Teton Advisors LLC raised its stake in shares of AMN Healthcare Services by 118.1% during the fourth quarter. Keeley Teton Advisors LLC now owns 9,379 shares of the company's stock valued at $702,000 after acquiring an additional 5,079 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other 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.