AMN Healthcare Services, Inc. (NYSE:AMN) Given Consensus Rating of “Moderate Buy” by Analysts

AMN Healthcare Services, Inc. (NYSE:AMN) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $85.00.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 20th. Truist Financial lowered their target price on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Thursday. StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, JMP Securities lowered their target price on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Monday, February 26th.

AMN Healthcare Services Price Performance

Shares of AMN opened at $59.53 on Friday. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50 day moving average price is $59.15 and its two-hundred day moving average price is $67.01. The firm has a market cap of $2.26 billion, a PE ratio of 11.25 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $803.14 million. During the same period in the previous year, the firm earned $2.48 earnings per share. The company’s revenue was down 27.3% compared to the same quarter last year. On average, equities analysts anticipate that AMN Healthcare Services will post 3.86 EPS for the current year.

Insider Buying and Selling

In other AMN Healthcare Services news, CEO Caroline Grace acquired 17,500 shares of AMN Healthcare Services stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the purchase, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AMN Healthcare Services news, CFO Jeffrey R. Knudson acquired 6,951 shares of AMN Healthcare Services stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $57.75 per share, for a total transaction of $401,420.25. Following the purchase, the chief financial officer now directly owns 27,804 shares of the company’s stock, valued at $1,605,681. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Caroline Grace acquired 17,500 shares of AMN Healthcare Services stock in a transaction on 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 purchase, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 26,626 shares of company stock worth $1,516,899. 0.93% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of AMN Healthcare Services by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock worth $318,353,000 after acquiring an additional 30,513 shares during the period. Boston Partners grew its stake in shares of AMN Healthcare Services by 102.7% during the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after acquiring an additional 1,461,541 shares during the period. Pacer Advisors Inc. grew its stake in shares of AMN Healthcare Services by 145.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after acquiring an additional 828,390 shares during the period. WCM Investment Management LLC grew its stake in shares of AMN Healthcare Services by 107.8% during the 1st quarter. WCM Investment Management LLC now owns 764,997 shares of the company’s stock worth $47,820,000 after acquiring an additional 396,805 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of AMN Healthcare Services by 2.3% during the 3rd quarter. Federated Hermes Inc. now owns 734,204 shares of the company’s stock worth $62,539,000 after acquiring an additional 16,449 shares during the period. 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.