AMN Healthcare Services (NYSE:AMN) Receives “Market Outperform” Rating from JMP Securities

AMN Healthcare Services (NYSE:AMN)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They presently have a $34.00 price objective on the stock. JMP Securities’ price target suggests a potential upside of 28.23% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group cut their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. William Blair lowered AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. BMO Capital Markets lowered their target price on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Finally, Truist Financial cut their target price on shares of AMN Healthcare Services from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.50.

AMN Healthcare Services Trading Down 0.4 %

NYSE AMN traded down $0.10 during trading on Thursday, hitting $26.52. 107,802 shares of the company’s stock traded hands, compared to its average volume of 614,746. AMN Healthcare Services has a 12-month low of $22.47 and a 12-month high of $79.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a fifty day moving average of $25.99 and a two-hundred day moving average of $38.21. The firm has a market cap of $1.01 billion, a P/E ratio of 19.24 and a beta of 0.07.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The business had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the prior year, the company posted $1.97 EPS. As a group, sell-side analysts expect that AMN Healthcare Services will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMN. Truvestments Capital LLC bought a new position in AMN Healthcare Services during the 3rd quarter valued at about $30,000. Jones Financial Companies Lllp lifted its position in shares of AMN Healthcare Services by 33.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after purchasing an additional 377 shares during the last quarter. Blue Trust Inc. increased its stake in AMN Healthcare Services by 46.3% in the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after buying an additional 754 shares during the period. KBC Group NV boosted its position in AMN Healthcare Services by 110.9% in the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after buying an additional 1,303 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in AMN Healthcare Services by 455.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.