AMN Healthcare Services (NYSE:AMN) Shares Gap Down to $67.62

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $67.62, but opened at $64.02. AMN Healthcare Services shares last traded at $66.54, with a volume of 54,687 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial reduced their price target on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday, April 22nd. StockNews.com downgraded AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday. JMP Securities restated a “market outperform” rating and issued a $75.00 price target on shares of AMN Healthcare Services in a research note on Friday, May 10th. Benchmark restated a “hold” rating on shares of AMN Healthcare Services in a research note on Tuesday, May 28th. Finally, Bank of America upped their price target on shares of AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.57.

AMN Healthcare Services Stock Down 1.2 %

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.49. The firm’s 50 day simple moving average is $54.61 and its two-hundred day simple moving average is $60.25. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 18.18 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 31.39% and a net margin of 4.13%. The company’s revenue was down 27.1% on a year-over-year basis. During the same quarter last year, the company earned $2.49 EPS. On average, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.15 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Innealta Capital LLC acquired a new position in shares of AMN Healthcare Services in the 2nd quarter valued at approximately $65,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in AMN Healthcare Services by 26.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,485 shares of the company’s stock valued at $486,000 after purchasing an additional 1,961 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in AMN Healthcare Services during the second quarter worth $258,000. Patriot Financial Group Insurance Agency LLC lifted its stake in AMN Healthcare Services by 46.1% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,528 shares of the company’s stock worth $283,000 after purchasing an additional 1,745 shares during the last quarter. Finally, Legato Capital Management LLC boosted its holdings in shares of AMN Healthcare Services by 68.3% in the 2nd quarter. Legato Capital Management LLC now owns 27,905 shares of the company’s stock valued at $1,430,000 after purchasing an additional 11,329 shares in the last quarter. Institutional investors 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.