AMN Healthcare Services (NYSE:AMN) Stock Rating Upgraded by StockNews.com

AMN Healthcare Services (NYSE:AMN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other research firms have also commented on AMN. William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a report on Thursday, February 6th. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday. Truist Financial decreased their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group decreased their price target on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock traded down $0.70 during midday trading on Tuesday, hitting $26.17. The company’s stock had a trading volume of 1,566,972 shares, compared to its average volume of 942,499. AMN Healthcare Services has a 12 month low of $22.47 and a 12 month high of $70.07. The stock’s 50-day moving average price is $25.47 and its 200-day moving average price is $34.31. The company has a market capitalization of $996.33 million, a PE ratio of -6.80 and a beta of 0.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMN. Versor Investments LP acquired a new position in AMN Healthcare Services in the 3rd quarter valued at $818,000. Anthracite Investment Company Inc. acquired a new stake in AMN Healthcare Services during the third quarter worth about $1,696,000. Harbor Capital Advisors Inc. raised its position in shares of AMN Healthcare Services by 285.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 79,458 shares of the company’s stock valued at $1,901,000 after buying an additional 58,830 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of AMN Healthcare Services by 125.4% during the 4th quarter. Equitable Trust Co. now owns 21,526 shares of the company’s stock worth $515,000 after acquiring an additional 11,974 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in shares of AMN Healthcare Services by 381.8% during the 4th quarter. Thompson Investment Management Inc. now owns 296,630 shares of the company’s stock worth $7,095,000 after acquiring an additional 235,067 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

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.