Truist Financial Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price objective dropped by equities researchers at Truist Financial from $47.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 50.52% from the stock’s previous close.

AMN has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Jefferies Financial Group reduced their price target on 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, JMP Securities reissued a “market outperform” rating and set a $34.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.33.

AMN Healthcare Services Stock Up 2.8 %

Shares of AMN stock traded up $0.74 on Friday, reaching $26.58. 1,368,099 shares of the company’s stock traded hands, compared to its average volume of 852,777. AMN Healthcare Services has a 12-month low of $22.47 and a 12-month high of $70.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $1.01 billion, a P/E ratio of 19.32 and a beta of 0.07. The business’s 50 day moving average price is $25.40 and its two-hundred day moving average price is $35.38.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. On average, equities analysts forecast that AMN Healthcare Services will post 3.07 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Truvestments Capital LLC bought a new position in AMN Healthcare Services during the third quarter valued at about $30,000. Jones Financial Companies Lllp increased 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 valued at $36,000 after acquiring an additional 377 shares during the period. LRI Investments LLC grew its stake in shares of AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after purchasing an additional 1,274 shares during the period. Blue Trust Inc. grew its stake in shares of AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares during the period. Finally, KBC Group NV grew its stake in shares of AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after purchasing an additional 1,303 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.