UBS Group Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $25.50

AMN Healthcare Services (NYSE:AMN) had its price objective decreased by UBS Group from $30.00 to $25.50 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. JMP Securities reiterated a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. BMO Capital Markets dropped their price target on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com upgraded AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, Truist Financial dropped their price target on AMN Healthcare Services from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.08.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $22.39 on Tuesday. The firm has a market capitalization of $855.05 million, a price-to-earnings ratio of -5.82 and a beta of 0.16. AMN Healthcare Services has a 1 year low of $17.45 and a 1 year high of $70.07. The business has a 50 day simple moving average of $21.50 and a 200-day simple moving average of $25.05. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.26. The firm had revenue of $689.53 million during the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. AMN Healthcare Services’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently bought and sold shares of AMN. Barclays PLC boosted its holdings in AMN Healthcare Services by 279.2% in the 3rd quarter. Barclays PLC now owns 91,801 shares of the company’s stock valued at $3,891,000 after purchasing an additional 67,595 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of AMN Healthcare Services by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 226,304 shares of the company’s stock worth $9,593,000 after purchasing an additional 7,628 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of AMN Healthcare Services by 55.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,065 shares of the company’s stock worth $6,361,000 after purchasing an additional 53,317 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in AMN Healthcare Services by 91.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,814 shares of the company’s stock valued at $307,000 after acquiring an additional 6,106 shares during the last quarter. Finally, Tributary Capital Management LLC raised its holdings in AMN Healthcare Services by 40.9% in the 4th quarter. Tributary Capital Management LLC now owns 328,085 shares of the company’s stock valued at $7,848,000 after acquiring an additional 95,204 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.