AMN Healthcare Services Inc (NYSE:AMN) Receives Average Recommendation of “Hold” from Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.4286.

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $36.00 target price on shares of AMN Healthcare Services in a research note on Friday, August 7th. Weiss Ratings raised shares of AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citizens Jmp boosted their price target on shares of AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, August 14th. Finally, Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th.

Insider Buying and Selling at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the sale, the director directly owned 17,917 shares in the company, valued at $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its position in shares of AMN Healthcare Services by 849.6% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 1,147 shares in the last quarter. Allworth Financial LP lifted its stake in shares of AMN Healthcare Services by 298.2% in the second quarter. Allworth Financial LP now owns 1,995 shares of the company’s stock valued at $65,000 after purchasing an additional 1,494 shares during the period. Corient Private Wealth LP lifted its stake in shares of AMN Healthcare Services by 159.2% in the second quarter. Corient Private Wealth LP now owns 101,418 shares of the company’s stock valued at $3,283,000 after purchasing an additional 62,294 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in AMN Healthcare Services during the second quarter worth about $379,000. Finally, California State Teachers Retirement System grew its position in AMN Healthcare Services by 3,085.5% during the second quarter. California State Teachers Retirement System now owns 1,421,949 shares of the company’s stock worth $43,928,000 after buying an additional 1,377,311 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Trading Down 0.1%

Shares of AMN stock opened at $33.76 on Wednesday. The business’s 50 day moving average is $33.85 and its two-hundred day moving average is $27.41. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $37.22. The company has a market capitalization of $1.31 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 1.16 and a beta of 0.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The business had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts forecast that AMN Healthcare Services will post 3.32 EPS for the current year.

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.