AMN Healthcare Services (NYSE:AMN) Receives Market Outperform Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of AMN Healthcare Services (NYSE:AMN) in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a $66.00 price objective on the stock.

Other research analysts also recently issued reports about the stock. Benchmark reiterated a hold rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. UBS Group reduced their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a neutral rating for the company in a research note on Friday, August 9th. 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 report on Monday, August 12th. Finally, StockNews.com lowered shares of AMN Healthcare Services from a hold rating to a sell rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $67.83.

AMN Healthcare Services Price Performance

AMN stock opened at $38.32 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 10.30 and a beta of 0.11. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services has a 12-month low of $38.08 and a 12-month high of $87.68. The firm has a 50 day moving average of $50.87 and a 200-day moving average of $54.48.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. The company had revenue of $740.69 million for 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%. AMN Healthcare Services’s revenue for the quarter was down 25.3% on a year-over-year basis. During the same quarter last year, the business earned $2.38 EPS. As a group, equities analysts expect that AMN Healthcare Services will post 3.26 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP increased its position in shares of AMN Healthcare Services by 64.8% during the 4th quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after purchasing an additional 204 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake 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. Arizona State Retirement System boosted its holdings in shares of AMN Healthcare Services by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after buying an additional 221 shares during the period. Pitcairn Co. boosted its holdings in shares of AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock worth $384,000 after buying an additional 249 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake 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 buying an additional 252 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.