Truist Financial Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price objective cut by stock analysts at Truist Financial from $50.00 to $47.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 44.70% from the stock’s previous close.

A number of other research firms also recently commented on AMN. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Bank of America downgraded AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday. UBS Group dropped their price objective on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, BMO Capital Markets boosted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.60.

AMN Healthcare Services Trading Down 20.6 %

Shares of AMN stock opened at $32.48 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. AMN Healthcare Services has a 1 year low of $31.82 and a 1 year high of $80.22. The stock has a fifty day moving average of $42.61 and a two-hundred day moving average of $51.23. The firm has a market capitalization of $1.23 billion, a PE ratio of 12.54 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The company had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. During the same quarter in the previous year, the firm posted $2.38 EPS. The firm’s quarterly revenue was down 25.3% on a year-over-year basis. As a group, research analysts expect that AMN Healthcare Services will post 3.15 EPS for the current year.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Strengthening Families & Communities LLC raised its position in AMN Healthcare Services by 10.6% during the third quarter. Strengthening Families & Communities LLC now owns 11,723 shares of the company’s stock valued at $497,000 after buying an additional 1,119 shares during the period. Quest Partners LLC acquired a new position in AMN Healthcare Services during the third quarter valued at $334,000. Thrivent Financial for Lutherans raised its position in AMN Healthcare Services by 2.4% during the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after buying an additional 30,157 shares during the period. Gladius Capital Management LP raised its position in AMN Healthcare Services by 247.6% during the third quarter. Gladius Capital Management LP now owns 4,574 shares of the company’s stock valued at $194,000 after buying an additional 3,258 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in AMN Healthcare Services by 23.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,096,965 shares of the company’s stock valued at $46,499,000 after buying an additional 209,180 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

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.