AMN Healthcare Services (NYSE:AMN) Price Target Cut to $47.00 by Analysts at Truist Financial

AMN Healthcare Services (NYSE:AMN - Free Report) had its price target trimmed by Truist Financial from $50.00 to $47.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group decreased their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. William Blair cut AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a report on Friday. Benchmark reissued a "hold" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. BMO Capital Markets upped their price target on AMN Healthcare Services from $60.00 to $71.00 and gave the company an "outperform" rating in a research note on Monday, August 12th. Finally, Bank of America downgraded AMN Healthcare Services from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $57.60.

AMN Healthcare Services Price Performance

AMN traded down $11.87 during trading on Friday, reaching $29.05. The company's stock had a trading volume of 5,470,233 shares, compared to its average volume of 815,126. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $42.61 and a two-hundred day simple moving average of $51.23. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 11.36 and a beta of 0.13. AMN Healthcare Services has a 1 year low of $28.16 and a 1 year high of $80.22.

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, topping analysts' consensus estimates 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 analyst estimates of $740.43 million. During the same quarter in the previous year, the company posted $2.38 earnings per share. The firm's revenue for the quarter was down 25.3% compared to the same quarter last year. As a group, analysts anticipate that AMN Healthcare Services will post 3.15 EPS for the current year.

Insider Activity

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now owns 37,550 shares of the company's stock, valued at $1,385,595. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.93% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. purchased a new stake in AMN Healthcare Services during the second quarter worth approximately $31,000. Nisa Investment Advisors LLC lifted its position in shares of AMN Healthcare Services by 41.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company's stock worth $38,000 after buying an additional 219 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of AMN Healthcare Services in the 1st quarter valued at $58,000. GAMMA Investing LLC grew its position in shares of AMN Healthcare Services by 232.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company's stock valued at $59,000 after buying an additional 811 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in AMN Healthcare Services by 455.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company's stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.