AMN Healthcare Services (NYSE:AMN) PT Lowered to $50.00 at Truist Financial

AMN Healthcare Services (NYSE:AMN) had its price target decreased by Truist Financial from $70.00 to $50.00 in a report issued on Monday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other research analysts have also issued reports on the stock. BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. JMP Securities restated a “market outperform” rating and issued a $66.00 target price on shares of AMN Healthcare Services in a research note on Friday, October 4th. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $65.00 to $48.00 in a research report on Monday, October 7th. Finally, StockNews.com cut AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.17.

AMN Healthcare Services Price Performance

Shares of AMN opened at $39.42 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.50 billion, a PE ratio of 10.60 and a beta of 0.11. AMN Healthcare Services has a 12-month low of $36.50 and a 12-month high of $80.22. The business has a 50-day simple moving average of $45.12 and a two-hundred day simple moving average of $52.49.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The company had revenue of $740.69 million for the quarter, compared to analyst estimates of $740.43 million. During the same quarter in the previous year, the business earned $2.38 earnings per share. AMN Healthcare Services’s revenue was down 25.3% compared to the same quarter last year. Analysts anticipate that AMN Healthcare Services will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of AMN Healthcare Services

A number of large investors have recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of AMN Healthcare Services during the 2nd quarter worth $31,000. Nisa Investment Advisors LLC increased its stake in shares of AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of AMN Healthcare Services in the first quarter valued at approximately $58,000. GAMMA Investing LLC lifted its stake in shares of AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after buying an additional 811 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in AMN Healthcare Services in the 2nd quarter worth approximately $65,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.