AMN Healthcare Services Inc (NYSE:AMN) Receives Consensus Rating of “Hold” from Brokerages

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.3571.

Several brokerages have recently weighed in on AMN. JPMorgan Chase & Co. set a $25.00 price target on shares of AMN Healthcare Services in a research report on Thursday, January 15th. UBS Group increased their target price on AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Friday, November 7th. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Zacks Research upgraded AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, BMO Capital Markets raised their price objective on AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th.

AMN Healthcare Services Stock Down 0.2%

Shares of AMN Healthcare Services stock opened at $16.23 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $623.20 million, a price-to-earnings ratio of -2.26 and a beta of 0.22. The firm’s 50-day moving average is $17.69 and its two-hundred day moving average is $18.38. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $30.49.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Strengthening Families & Communities LLC grew its holdings in AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 1,207 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in shares of 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 purchasing an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in AMN Healthcare Services by 49.2% during 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. Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services during the 3rd quarter worth $63,000. Finally, Strs Ohio acquired a new position in AMN Healthcare Services during the 1st quarter valued at about $95,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.