Analysts Set AMN Healthcare Services Inc (NYSE:AMN) Price Target at $32.08

Shares of AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) have been assigned an average recommendation of "Hold" from the eight analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.08.

A number of equities analysts have weighed in on the company. Truist Financial decreased their target price on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. UBS Group decreased their target price on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen raised AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th.

AMN Healthcare Services Stock Down 3.1%

Shares of AMN traded down $0.69 during trading hours on Friday, hitting $21.23. The company had a trading volume of 737,879 shares, compared to its average volume of 895,704. The firm has a fifty day moving average price of $21.34 and a 200-day moving average price of $23.12. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $812.79 million, a price-to-earnings ratio of -4.90 and a beta of 0.18. AMN Healthcare Services has a 52-week low of $17.45 and a 52-week high of $70.07.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.26. AMN Healthcare Services had a positive return on equity of 13.39% and a negative net margin of 5.80%. The firm had revenue of $689.53 million during the quarter, compared to analyst estimates of $670.08 million. During the same quarter in the previous year, the firm earned $0.97 EPS. AMN Healthcare Services's quarterly revenue was down 16.0% compared to the same quarter last year. On average, equities research analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Voya Investment Management LLC increased its position in shares of AMN Healthcare Services by 27.1% during the 1st quarter. Voya Investment Management LLC now owns 28,427 shares of the company's stock valued at $695,000 after purchasing an additional 6,058 shares during the last quarter. Strs Ohio bought a new position in shares of AMN Healthcare Services during the 1st quarter valued at approximately $95,000. Intech Investment Management LLC grew its stake in shares of AMN Healthcare Services by 35.9% during the 1st quarter. Intech Investment Management LLC now owns 54,519 shares of the company's stock valued at $1,334,000 after acquiring an additional 14,402 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of AMN Healthcare Services by 25.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 108,022 shares of the company's stock valued at $2,642,000 after acquiring an additional 21,650 shares during the period. Finally, Caxton Associates LLP bought a new position in shares of AMN Healthcare Services during the 1st quarter valued at approximately $342,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

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.