AMN Healthcare Services Inc (NYSE:AMN) Receives Average Rating of “Hold” from Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has received an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.3571.

Several research analysts have weighed in on the company. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. UBS Group lifted their price objective on AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Friday, November 7th. Zacks Research upgraded AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. set a $25.00 target price on shares of AMN Healthcare Services in a report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On AMN Healthcare Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC lifted its holdings in shares of AMN Healthcare Services by 33.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock valued at $126,000 after purchasing an additional 2,000 shares in the last quarter. Thompson Investment Management Inc. raised its position in AMN Healthcare Services by 24.3% in the 4th quarter. Thompson Investment Management Inc. now owns 443,113 shares of the company’s stock valued at $6,983,000 after buying an additional 86,579 shares during the last quarter. Exchange Traded Concepts LLC raised its position in AMN Healthcare Services by 11.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 33,834 shares of the company’s stock valued at $533,000 after buying an additional 3,611 shares during the last quarter. SG Americas Securities LLC lifted its stake in AMN Healthcare Services by 31.5% in the 4th quarter. SG Americas Securities LLC now owns 66,475 shares of the company’s stock valued at $1,048,000 after acquiring an additional 15,914 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in AMN Healthcare Services by 7.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 34,790 shares of the company’s stock worth $548,000 after acquiring an additional 2,417 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Stock Performance

Shares of NYSE:AMN opened at $20.41 on Tuesday. The firm’s 50 day simple moving average is $16.74 and its 200 day simple moving average is $18.36. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $30.49. The company has a market capitalization of $783.76 million, a price-to-earnings ratio of -2.84 and a beta of 0.20. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.19 by $0.20. The firm had revenue of $634.50 million during the quarter, compared to the consensus estimate of $618.08 million. AMN Healthcare Services had a negative net margin of 10.14% and a positive return on equity of 10.89%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. As a group, sell-side analysts forecast that AMN Healthcare Services will post 1.33 earnings per share for the current year.

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.