Brokerages Set AMN Healthcare Services Inc (NYSE:AMN) Price Target at $27.00

Shares of AMN Healthcare Services Inc (NYSE:AMN) have received an average recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.00.

Several brokerages recently commented on AMN. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a report on Tuesday, June 23rd. Robert W. Baird raised their price target on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets boosted their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Zacks Research lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $36.00 price objective on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $33.72 on Tuesday. The business has a 50 day moving average of $30.99 and a 200-day moving average of $23.46. The company has a market capitalization of $1.31 billion, a P/E ratio of -38.76, a P/E/G ratio of 0.80 and a beta of 0.41. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.09 and a quick ratio of 1.09.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, May 7th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $0.45 EPS. The firm’s revenue was up 99.9% compared to the same quarter last year. On average, equities research analysts predict that AMN Healthcare Services will post 2.7 earnings per share for the current year.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the sale, the director owned 17,917 shares of the company’s stock, valued at approximately $556,681.19. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC acquired a new stake in AMN Healthcare Services during the fourth quarter worth approximately $32,000. Versant Capital Management Inc lifted its stake in AMN Healthcare Services by 41.8% in the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after buying an additional 345 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in AMN Healthcare Services by 200.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 2,000 shares during the period. Johnson Financial Group Inc. acquired a new position in AMN Healthcare Services in the third quarter valued at approximately $63,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after buying an additional 1,020 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.