AMN Healthcare Services (NYSE:AMN) Trading Up 3.1% – What’s Next?

AMN Healthcare Services, Inc. (NYSE:AMN) was up 3.1% on Monday . The stock traded as high as $24.08 and last traded at $24.31. Approximately 66,353 shares traded hands during trading, a decline of 93% from the average daily volume of 884,890 shares. The stock had previously closed at $23.57.

Analysts Set New Price Targets

AMN has been the topic of several research reports. Truist Financial dropped their target price on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. BMO Capital Markets reduced their target price on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, JMP Securities reiterated a “market outperform” rating and set a $34.00 price target on shares of AMN Healthcare Services in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Stock Performance

The company has a market capitalization of $909.39 million, a P/E ratio of -6.19 and a beta of 0.15. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.18 and a current ratio of 1.09. The business’s fifty day simple moving average is $25.48 and its 200-day simple moving average is $29.80.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. The company had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. As a group, equities analysts anticipate that AMN Healthcare Services, Inc. will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock valued at $36,000 after acquiring an additional 377 shares during the last quarter. LRI Investments LLC lifted its stake in shares of AMN Healthcare Services by 368.2% in the 4th quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after purchasing an additional 1,274 shares during the last quarter. Quarry LP boosted its holdings in shares of AMN Healthcare Services by 48.4% in the 3rd quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after purchasing an additional 654 shares during the period. Blue Trust Inc. increased its position in shares of AMN Healthcare Services by 46.3% during the 4th quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after purchasing an additional 754 shares during the last quarter. Finally, KBC Group NV increased its position in shares of AMN Healthcare Services by 110.9% during the 4th quarter. KBC Group NV now owns 2,478 shares of the company’s stock valued at $59,000 after purchasing an additional 1,303 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

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.