AMN Healthcare Services, Inc. (NYSE:AMN) Given Consensus Recommendation of "Hold" by Analysts

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) has earned a consensus rating of "Hold" from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.08.

A number of brokerages have recently issued reports on AMN. Wall Street Zen upgraded shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. BMO Capital Markets dropped their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Truist Financial dropped their price objective on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group dropped their price objective on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a research note on Tuesday, May 13th.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in AMN Healthcare Services by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company's stock worth $106,082,000 after acquiring an additional 108,284 shares during the last quarter. Newtyn Management LLC grew its holdings in AMN Healthcare Services by 1.0% during the 1st quarter. Newtyn Management LLC now owns 1,200,000 shares of the company's stock worth $29,352,000 after acquiring an additional 11,984 shares during the last quarter. WCM Investment Management LLC grew its holdings in AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock worth $26,367,000 after acquiring an additional 550,427 shares during the last quarter. Millennium Management LLC grew its holdings in AMN Healthcare Services by 137.5% during the 1st quarter. Millennium Management LLC now owns 1,097,482 shares of the company's stock worth $26,844,000 after acquiring an additional 635,296 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in AMN Healthcare Services by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 904,275 shares of the company's stock valued at $22,119,000 after purchasing an additional 17,064 shares during the period. Institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Price Performance

NYSE:AMN opened at $21.10 on Monday. The stock has a market cap of $807.85 million, a P/E ratio of -5.48 and a beta of 0.19. AMN Healthcare Services has a one year low of $17.45 and a one year high of $70.07. The company has a fifty day moving average price of $20.43 and a 200 day moving average price of $23.78. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.18.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.19 by $0.26. The firm had revenue of $689.53 million during the quarter, compared to analysts' expectations of $670.08 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. The business's quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. Analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

About AMN Healthcare Services

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.

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