StockNews.com Upgrades AMN Healthcare Services (NYSE:AMN) to Hold

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a report published on Tuesday.

AMN has been the subject of several other reports. Truist Financial decreased their price objective on AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, February 21st. BMO Capital Markets decreased their price objective on AMN Healthcare Services from $38.00 to $33.00 and set an “outperform” rating for the company in a report on Monday. JMP Securities reissued a “market outperform” rating and issued a $34.00 price objective on shares of AMN Healthcare Services in a report on Thursday, February 6th. Jefferies Financial Group decreased their price objective on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.17.

AMN Healthcare Services Stock Performance

Shares of AMN Healthcare Services stock opened at $26.65 on Tuesday. The firm has a market capitalization of $1.02 billion, a P/E ratio of -6.92 and a beta of 0.07. AMN Healthcare Services has a 52 week low of $22.47 and a 52 week high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The firm’s 50 day moving average is $25.52 and its two-hundred day moving average is $34.25.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The business had revenue of $734.71 million during the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. Research analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of AMN Healthcare Services by 152.4% during the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock worth $196,715,000 after purchasing an additional 2,801,663 shares during the period. Vanguard Group Inc. lifted its holdings in AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company’s stock valued at $106,082,000 after acquiring an additional 108,284 shares during the period. State Street Corp lifted its holdings in AMN Healthcare Services by 1.1% in the third quarter. State Street Corp now owns 1,520,429 shares of the company’s stock valued at $64,451,000 after acquiring an additional 16,075 shares during the period. Thrivent Financial for Lutherans lifted its holdings in AMN Healthcare Services by 2.4% in the third quarter. Thrivent Financial for Lutherans now owns 1,293,483 shares of the company’s stock valued at $54,831,000 after acquiring an additional 30,157 shares during the period. Finally, Newtyn Management LLC acquired a new stake in AMN Healthcare Services in the fourth quarter valued at $28,417,000. 99.23% of the stock is 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.