AMN Healthcare Services Inc (NYSE:AMN) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $36.00.

AMN has been the topic of a number of research analyst reports. Wall Street Zen downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 25th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research report on Friday, August 7th. UBS Group boosted their target price on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Truist Financial upped their target price 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. Finally, Citigroup reaffirmed an “outperform” rating on shares of AMN Healthcare Services in a report on Friday, August 14th.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Sei Investments Co. boosted its position in AMN Healthcare Services by 204.7% in the first quarter. Sei Investments Co. now owns 51,984 shares of the company’s stock worth $953,000 after purchasing an additional 34,925 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of AMN Healthcare Services during the 2nd quarter valued at about $1,464,000. Deutsche Bank AG bought a new position in shares of AMN Healthcare Services in the 2nd quarter worth approximately $1,341,000. First National Bank of Omaha purchased a new position in shares of AMN Healthcare Services in the second quarter worth approximately $2,575,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of AMN Healthcare Services by 248.8% in the first quarter. Quantinno Capital Management LP now owns 54,938 shares of the company’s stock worth $1,008,000 after buying an additional 39,187 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

AMN stock opened at $36.72 on Friday. The stock has a market capitalization of $1.42 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.40. AMN Healthcare Services has a 12-month low of $14.97 and a 12-month high of $37.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. The stock’s 50 day simple moving average is $34.20 and its 200 day simple moving average is $29.17.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, August 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $628.39 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that AMN Healthcare Services will post 3.32 earnings per share for the current fiscal year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a healthcare workforce solutions company that helps hospitals, health systems and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company serves healthcare providers primarily in the United States.

Its services include temporary and permanent placement of nurses and allied healthcare professionals, locum tenens staffing for physicians and advanced practice providers, and recruitment and workforce consulting.