Analysts Set AMN Healthcare Services Inc (NYSE:AMN) Price Target at $22.64

AMN Healthcare Services Inc (NYSE:AMN) has received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.6429.

Several research analysts have recently issued reports on AMN shares. Robert W. Baird raised their price objective on AMN Healthcare Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st. BMO Capital Markets raised their price objective on AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a research note on Thursday, January 15th. Finally, Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $18.59 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $718.12 million, a PE ratio of -7.46, a P/E/G ratio of 0.74 and a beta of 0.25. The business has a 50-day simple moving average of $19.32 and a two-hundred day simple moving average of $18.36. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $23.74.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The business had revenue of $748.23 million during the quarter, compared to the consensus estimate of $723.11 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities analysts expect that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Strengthening Families & Communities LLC raised its stake in shares of AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after purchasing an additional 1,207 shares during the last quarter. Summit Securities Group LLC purchased a new position in AMN Healthcare Services during the fourth quarter valued at approximately $32,000. China Universal Asset Management Co. Ltd. raised its position in AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after acquiring an additional 2,000 shares in the last quarter. Tower Research Capital LLC TRC raised its position in AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in AMN Healthcare Services during the third quarter valued at approximately $63,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.