AMN Healthcare Services Inc (NYSE:AMN) Receives $30.86 Average Target Price from Analysts

AMN Healthcare Services Inc (NYSE:AMN) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.8571.

A number of research firms have recently commented on AMN. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $36.00 target price on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. Weiss Ratings upgraded AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Truist Financial increased their price target on AMN Healthcare Services from $26.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, UBS Group raised their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday.

AMN Healthcare Services Trading Up 1.1%

NYSE:AMN opened at $36.40 on Friday. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $37.22. The company has a quick ratio of 1.09, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $32.65 and a two-hundred day moving average price of $25.25. The company has a market cap of $1.41 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 0.83 and a beta of 0.40.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data 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. The company had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. As a group, analysts expect that AMN Healthcare Services will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of AMN Healthcare Services by 1.5% in the first quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after purchasing an additional 2,784 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of AMN Healthcare Services by 54.2% during the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after buying an additional 34,465 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of AMN Healthcare Services during the 1st quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of AMN Healthcare Services by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after buying an additional 1,153 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in AMN Healthcare Services by 13.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after buying an additional 51,737 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

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.