Truist Financial Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $70.00

AMN Healthcare Services (NYSE:AMN) had its target price cut by Truist Financial from $88.00 to $70.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the company. JMP Securities lowered their price target on AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating for the company in a research report on Monday, February 26th. StockNews.com cut AMN Healthcare Services from a hold rating to a sell rating in a research report on Monday, April 15th. Finally, BMO Capital Markets lowered their price target on AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating for the company in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services presently has a consensus rating of Hold and a consensus target price of $85.00.

AMN Healthcare Services Stock Down 0.8 %

Shares of AMN stock opened at $56.51 on Monday. AMN Healthcare Services has a 1-year low of $53.77 and a 1-year high of $112.44. The stock’s fifty day moving average price is $60.30 and its 200 day moving average price is $68.06. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 10.68 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The firm had revenue of $818.27 million for the quarter, compared to the consensus estimate of $803.14 million. During the same period in the previous year, the business earned $2.48 EPS. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. On average, research analysts expect that AMN Healthcare Services will post 3.97 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Caroline Grace acquired 17,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other AMN Healthcare Services news, CEO Caroline Grace purchased 17,500 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $56.68 per share, with a total value of $991,900.00. Following the acquisition, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey R. Knudson purchased 6,951 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $57.75 per share, with a total value of $401,420.25. Following the acquisition, the chief financial officer now directly owns 27,804 shares in the company, valued at approximately $1,605,681. The disclosure for this purchase can be found here. Insiders purchased a total of 26,626 shares of company stock valued at $1,516,899 in the last quarter. 0.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Large investors have recently bought and sold shares of the business. CWM LLC increased its stake in AMN Healthcare Services by 6.7% during the 3rd quarter. CWM LLC now owns 12,663 shares of the company’s stock worth $1,079,000 after buying an additional 800 shares in the last quarter. Arkadios Wealth Advisors increased its stake in AMN Healthcare Services by 16.3% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,804 shares of the company’s stock worth $239,000 after buying an additional 392 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in AMN Healthcare Services by 815.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,664 shares of the company’s stock worth $568,000 after buying an additional 5,936 shares in the last quarter. Handelsbanken Fonder AB increased its stake in AMN Healthcare Services by 19.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 309,916 shares of the company’s stock worth $26,399,000 after buying an additional 50,100 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in AMN Healthcare Services by 7.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,965 shares of the company’s stock worth $508,000 after buying an additional 404 shares in the last quarter. Institutional investors and hedge funds 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.