AMN Healthcare Services Inc (NYSE:AMN) Given Average Rating of “Hold” by Analysts

AMN Healthcare Services Inc (NYSE:AMN) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $22.6429.

AMN has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. set a $25.00 target price on shares of AMN Healthcare Services in a research note on Thursday, January 15th. BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Finally, Citizens Jmp raised their price target on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, February 23rd.

AMN Healthcare Services Trading Down 0.8%

AMN Healthcare Services stock opened at $20.46 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19. The business’s fifty day simple moving average is $18.90 and its two-hundred day simple moving average is $18.52. AMN Healthcare Services has a 12 month low of $14.86 and a 12 month high of $27.17. The company has a market capitalization of $790.73 million, a price-to-earnings ratio of -8.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.23.

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

Institutional Trading of AMN Healthcare Services

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC purchased a new position in shares of AMN Healthcare Services in the fourth quarter worth $32,000. Strengthening Families & Communities LLC boosted its position in shares of AMN Healthcare Services by 238.5% during the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after buying an additional 1,207 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in AMN Healthcare Services by 200.0% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after buying an additional 2,000 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services in the 3rd quarter worth about $63,000. Finally, Tower Research Capital LLC TRC raised its position in AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after buying an additional 1,020 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

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.