AMN Healthcare Services (NYSE:AMN) Price Target Raised to $24.00 at Citizens Jmp

AMN Healthcare Services (NYSE:AMN) had its target price upped by Citizens Jmp from $22.00 to $24.00 in a research note released on Monday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Several other brokerages have also recently issued reports on AMN. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a report on Monday. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Robert W. Baird boosted their target price on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. set a $25.00 price target on shares of AMN Healthcare Services in a research note on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.64.

AMN Healthcare Services Stock Up 8.0%

Shares of NYSE AMN opened at $20.87 on Monday. The stock has a market cap of $801.66 million, a PE ratio of -8.38 and a beta of 0.22. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 1.19. AMN Healthcare Services has a 12-month low of $14.86 and a 12-month high of $27.50. The company has a 50-day moving average of $17.89 and a 200 day moving average of $18.39.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $748.23 million for the quarter, compared to analyst estimates of $723.11 million. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.75 EPS. As a group, sell-side analysts predict that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after purchasing an additional 2,784 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of AMN Healthcare Services by 54.2% during the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after buying an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after buying an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in AMN Healthcare Services by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after acquiring an additional 51,737 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

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.