Truist Financial Lowers AMN Healthcare Services (NYSE:AMN) Price Target to $25.00

AMN Healthcare Services (NYSE:AMN) had its price target decreased by Truist Financial from $40.00 to $25.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 30.22% from the stock’s current price.

Other research analysts have also issued research reports about the stock. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. BMO Capital Markets dropped their price target on shares of AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.67.

AMN Healthcare Services Trading Down 2.7 %

Shares of AMN stock traded down $0.54 during trading hours on Tuesday, hitting $19.20. The company had a trading volume of 65,790 shares, compared to its average volume of 892,086. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18. The stock has a market capitalization of $733.19 million, a PE ratio of -4.99 and a beta of -0.03. The company’s fifty day moving average is $23.95 and its 200 day moving average is $28.06. AMN Healthcare Services has a fifty-two week low of $18.15 and a fifty-two week high of $70.07.

AMN Healthcare Services (NYSE:AMN) last released its quarterly 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. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The company had revenue of $734.71 million for the quarter, compared to analysts’ expectations of $694.38 million. Research analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased 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 in the last quarter. LRI Investments LLC lifted its stake in AMN Healthcare Services by 368.2% in the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company’s stock valued at $39,000 after buying an additional 1,274 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock valued at $57,000 after acquiring an additional 754 shares during the period. KBC Group NV increased its holdings in shares of 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 acquiring an additional 1,303 shares during the period. Finally, Covestor Ltd increased its holdings in shares of AMN Healthcare Services by 41.0% in the 4th quarter. Covestor Ltd now owns 2,914 shares of the company’s stock valued at $70,000 after acquiring an additional 848 shares during the period. 99.23% of the stock is currently 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.