AMN Healthcare Services Inc (NYSE:AMN) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give AMN a consensus "Hold" rating from nine brokerages (2 sell, 2 hold, 4 buy, 1 strong buy) with an average 1‑year price target of $22.64.
• In the most recent quarter AMN reported revenue of $748.23M (above the $723.11M estimate) and EPS of $0.22 (in line), but the company still has a negative net margin of -3.51% and a negative P/E, with a market cap of about $818M.
• Institutional investors own roughly 99.23% of the stock, with large recent stake increases by firms such as Boston Partners and Millennium Management.

Shares of AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) have received a consensus rating of "Hold" from the nine brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.6429.

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on AMN Healthcare Services from $22.00 to $25.00 and gave the stock an "outperform" rating in a research report on Thursday, January 15th. Weiss Ratings restated a "sell (d-)" rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Citigroup restated an "outperform" rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Robert W. Baird raised their price objective on AMN Healthcare Services from $21.00 to $23.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a research report on Thursday, January 15th.

AMN Healthcare Services Trading Up 1.2%

Shares of AMN opened at $21.17 on Thursday. The business's 50-day moving average price is $19.52 and its 200 day moving average price is $18.46. The stock has a market capitalization of $818.12 million, a P/E ratio of -8.50, a P/E/G ratio of 0.87 and a beta of 0.25. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $23.74. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The firm had revenue of $748.23 million during the quarter, compared to analyst estimates of $723.11 million. During the same period last year, the company posted $0.75 EPS. The business's quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that AMN Healthcare Services will post 1.93 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently bought and sold shares of the business. Boston Partners lifted its holdings in shares of AMN Healthcare Services by 7,583.1% during the 4th quarter. Boston Partners now owns 1,035,145 shares of the company's stock valued at $16,313,000 after buying an additional 1,021,672 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of AMN Healthcare Services during the 3rd quarter valued at about $19,176,000. Millennium Management LLC lifted its holdings in shares of AMN Healthcare Services by 262.1% during the 3rd quarter. Millennium Management LLC now owns 1,287,918 shares of the company's stock valued at $24,934,000 after buying an additional 932,269 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of AMN Healthcare Services by 91.3% during the 3rd quarter. Tributary Capital Management LLC now owns 831,910 shares of the company's stock valued at $16,106,000 after buying an additional 397,086 shares during the last quarter. Finally, Lighthouse Investment Partners LLC lifted its holdings in shares of AMN Healthcare Services by 1,557.4% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 262,857 shares of the company's stock valued at $5,089,000 after buying an additional 246,997 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.

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