Truist Financial Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $40.00

AMN Healthcare Services (NYSE:AMN - Free Report) had its price target cut by Truist Financial from $47.00 to $40.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on AMN. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. JMP Securities reiterated a "market outperform" rating and issued a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Jefferies Financial Group reduced their price target on shares of AMN Healthcare Services from $41.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Finally, William Blair downgraded AMN Healthcare Services from an "outperform" rating to a "market perform" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $41.17.

AMN Healthcare Services Stock Performance

AMN stock traded down $0.70 during midday trading on Friday, reaching $26.17. 1,566,972 shares of the company's stock traded hands, compared to its average volume of 942,499. The firm has a market capitalization of $996.33 million, a PE ratio of -6.80 and a beta of 0.07. The company has a 50-day moving average price of $25.43 and a two-hundred day moving average price of $34.54. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.23. The company had revenue of $734.71 million for the quarter, compared to analyst estimates of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. As a group, equities analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its stake in AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company's stock worth $36,000 after purchasing an additional 377 shares during the last quarter. Cresset Asset Management LLC raised its holdings in shares of AMN Healthcare Services by 5.6% during the 4th quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock valued at $257,000 after buying an additional 566 shares in the last quarter. Quarry LP lifted its position in AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company's stock worth $85,000 after buying an additional 654 shares during the last quarter. Truvestments Capital LLC purchased a new stake in AMN Healthcare Services in the third quarter worth approximately $30,000. Finally, Blue Trust Inc. grew its position in AMN Healthcare Services by 46.3% during the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company's stock valued at $57,000 after acquiring an additional 754 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.