BMO Capital Markets Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN) had its price objective cut by equities researchers at BMO Capital Markets from $38.00 to $33.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 22.20% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. William Blair downgraded shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. Jefferies Financial Group lowered their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Finally, Truist Financial decreased their target price on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Stock Down 2.1 %

Shares of NYSE AMN traded down $0.58 during trading hours on Monday, hitting $27.01. The stock had a trading volume of 425,442 shares, compared to its average volume of 888,873. The firm’s 50-day moving average price is $25.40 and its two-hundred day moving average price is $34.79. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The company has a market capitalization of $1.03 billion, a P/E ratio of -6.99 and a beta of 0.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 20th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.52 by $0.23. The company had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 14.49%. Analysts anticipate that AMN Healthcare Services will post 1.35 EPS for the current fiscal year.

Institutional Trading of AMN Healthcare Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of AMN Healthcare Services in the fourth quarter valued at approximately $1,609,000. PharVision Advisers LLC acquired a new stake in AMN Healthcare Services in the 4th quarter worth $570,000. White Knight Strategic Wealth Advisors LLC increased its holdings in shares of AMN Healthcare Services by 60.9% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 25,650 shares of the company’s stock worth $614,000 after purchasing an additional 9,710 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of AMN Healthcare Services during the fourth quarter valued at about $12,685,000. Finally, Squarepoint Ops LLC bought a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $238,000. Institutional investors and hedge funds 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.