JMP Securities Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $57.00

AMN Healthcare Services (NYSE:AMN) had its target price decreased by stock analysts at JMP Securities from $66.00 to $57.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target would suggest a potential upside of 43.76% from the company’s current price.

A number of other brokerages have also weighed in on AMN. BMO Capital Markets boosted their target price on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $65.00 to $48.00 in a report on Monday, October 7th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. Finally, UBS Group dropped their price target 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.17.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $39.65 on Tuesday. The firm’s 50 day moving average price is $45.37 and its 200-day moving average price is $52.58. AMN Healthcare Services has a 52-week low of $36.50 and a 52-week high of $80.22. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $1.51 billion, a PE ratio of 10.66 and a beta of 0.11.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The firm’s quarterly revenue was down 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.38 EPS. On average, equities research analysts expect that AMN Healthcare Services will post 3.21 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of hedge funds have recently modified their holdings of AMN. Tributary Capital Management LLC lifted its position in AMN Healthcare Services by 20.2% during the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock valued at $16,664,000 after purchasing an additional 44,740 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of AMN Healthcare Services during the 2nd quarter valued at approximately $45,481,000. New South Capital Management Inc. increased its holdings in AMN Healthcare Services by 24.6% in the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock worth $28,850,000 after acquiring an additional 111,302 shares in the last quarter. Quadrature Capital Ltd raised its stake in AMN Healthcare Services by 366.6% during the 1st quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock worth $1,455,000 after acquiring an additional 18,264 shares during the period. Finally, Virtu Financial LLC purchased a new position in AMN Healthcare Services during the first quarter valued at approximately $878,000. 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.