Brokerages Set AMN Healthcare Services, Inc. (NYSE:AMN) PT at $48.33

Shares of AMN Healthcare Services, Inc. (NYSE:AMN) have earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.33.

Several brokerages have commented on AMN. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $65.00 to $48.00 in a research report on Monday, October 7th. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, JMP Securities dropped their price target on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating for the company in a research note on Tuesday, October 22nd.

AMN Healthcare Services Stock Performance

NYSE AMN opened at $22.94 on Monday. The firm’s 50 day simple moving average is $31.28 and its 200 day simple moving average is $44.37. The firm has a market capitalization of $873.42 million, a price-to-earnings ratio of 16.62 and a beta of 0.04. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. AMN Healthcare Services has a 1 year low of $22.58 and a 1 year high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. The firm had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. During the same quarter last year, the business posted $1.97 EPS. As a group, research analysts expect that AMN Healthcare Services will post 3.07 earnings per share for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares in the company, valued at approximately $1,385,595. This trade represents a 6.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in shares of AMN Healthcare Services during the 3rd quarter worth approximately $30,000. Nisa Investment Advisors LLC raised its holdings in shares of AMN Healthcare Services by 41.4% during the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after purchasing an additional 219 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after purchasing an additional 1,224 shares during the period. Innealta Capital LLC acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at about $65,000. Finally, Quarry LP grew its stake in shares of AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock valued at $85,000 after buying an additional 654 shares during the period. Institutional investors own 99.23% of the company’s stock.

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.