AMN Healthcare Services Inc (NYSE:AMN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of AMN Healthcare Services Inc (NYSE:AMN) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.4167.

Several equities research analysts recently weighed in on the stock. Bank of America reduced their target price on shares of AMN Healthcare Services from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Wednesday, September 10th. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Truist Financial raised their target price on AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMN. Strengthening Families & Communities LLC lifted its position in shares of AMN Healthcare Services by 238.5% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after buying an additional 1,207 shares during the period. Caption Management LLC raised its stake in AMN Healthcare Services by 400.0% during the first quarter. Caption Management LLC now owns 2,500 shares of the company’s stock worth $61,000 after acquiring an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of AMN Healthcare Services in the 3rd quarter valued at $63,000. Finally, Strs Ohio bought a new stake in shares of AMN Healthcare Services in the 1st quarter worth about $95,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

NYSE AMN opened at $16.01 on Friday. The company has a fifty day simple moving average of $17.50 and a 200 day simple moving average of $19.09. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $30.49. The company has a market cap of $614.94 million, a P/E ratio of -2.23 and a beta of 0.21. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.19 by $0.20. The company had revenue of $634.50 million for the quarter, compared to the consensus estimate of $618.08 million. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. On average, sell-side analysts predict that AMN Healthcare Services will post 1.33 EPS for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.