AMN Healthcare Services, Inc. (NYSE:AMN) Receives $75.57 Average Target Price from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $75.57.

Several analysts have recently commented on AMN shares. StockNews.com raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Bank of America boosted their target price on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research report on Tuesday, May 28th. BMO Capital Markets cut their target price on AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, JMP Securities reissued a “market outperform” rating and issued a $75.00 target price on shares of AMN Healthcare Services in a research report on Friday, May 10th.

AMN Healthcare Services Stock Down 1.1 %

AMN stock opened at $51.23 on Monday. The firm has a market cap of $1.95 billion, a PE ratio of 13.77 and a beta of 0.17. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50 day moving average price is $56.18 and its 200-day moving average price is $63.34. AMN Healthcare Services has a one year low of $49.80 and a one year high of $112.44.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. The firm had revenue of $820.90 million for the quarter, compared to analyst estimates of $816.54 million. AMN Healthcare Services had a net margin of 4.13% and a return on equity of 31.39%. The business’s revenue for the quarter was down 27.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. On average, equities research analysts anticipate that AMN Healthcare Services will post 3.15 EPS for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently modified their holdings of the business. HighTower Advisors LLC grew its stake in shares of AMN Healthcare Services by 61.1% during the third quarter. HighTower Advisors LLC now owns 10,051 shares of the company’s stock worth $862,000 after purchasing an additional 3,813 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of AMN Healthcare Services during the third quarter worth $211,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of AMN Healthcare Services during the third quarter worth $585,000. Envestnet Asset Management Inc. grew its stake in shares of AMN Healthcare Services by 41.2% during the third quarter. Envestnet Asset Management Inc. now owns 144,056 shares of the company’s stock worth $12,271,000 after purchasing an additional 42,026 shares in the last quarter. Finally, FMR LLC grew its stake in shares of AMN Healthcare Services by 0.8% during the third quarter. FMR LLC now owns 68,862 shares of the company’s stock worth $5,866,000 after purchasing an additional 536 shares in the last quarter. 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.