AMN Healthcare Services (NYSE:AMN) Price Target Cut to $25.00 by Analysts at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its price target decreased by Truist Financial from $40.00 to $25.00 in a report released on Tuesday, MarketBeat Ratings reports. Truist Financial currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. BMO Capital Markets cut their price target 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, February 24th. JMP Securities restated a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Finally, StockNews.com raised AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and an average target price of $38.67.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN opened at $19.02 on Tuesday. AMN Healthcare Services has a 12 month low of $18.15 and a 12 month high of $70.07. The firm has a market capitalization of $726.16 million, a price-to-earnings ratio of -4.94 and a beta of -0.03. The business’s 50 day simple moving average is $23.81 and its 200-day simple moving average is $28.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

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

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds have recently made changes to their positions in AMN. Jones Financial Companies Lllp raised its holdings in shares of AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares during the period. LRI Investments LLC increased its stake in shares of AMN Healthcare Services by 368.2% during the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock worth $39,000 after purchasing an additional 1,274 shares during the last quarter. Blue Trust Inc. raised its stake in AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after acquiring an additional 754 shares during the period. KBC Group NV lifted its position in shares of AMN Healthcare Services by 110.9% during the fourth quarter. KBC Group NV now owns 2,478 shares of the company’s stock worth $59,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company’s stock worth $70,000 after buying an additional 848 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.