AMN Healthcare Services Inc (NYSE:AMN) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Shares of AMN Healthcare carry a consensus recommendation of Hold from nine covering brokerages (2 sell, 3 hold, 4 buy) with an average 12‑month price target of about $22.64.
• In its most recent quarter AMN reported $0.22 EPS (in line with estimates) and revenue of $748.23M (above estimates), yet the company shows profitability pressure with a negative net margin of −3.51% and a negative P/E of −7.30.
• Institutional investors dominate ownership (about 99.23%), with recent stake increases from firms including Royal Bank of Canada, AQR and Goldman Sachs.

Shares of AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) have received a consensus recommendation of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $22.6429.

A number of research firms have recently commented on AMN. Citigroup reissued an "outperform" rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Citizens Jmp lifted their price target on AMN Healthcare Services from $22.00 to $24.00 and gave the stock a "market outperform" rating in a research report on Monday, February 23rd. Robert W. Baird increased their price objective on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Weiss Ratings restated a "sell (d-)" rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st. Finally, UBS Group lifted their target price on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the stock a "neutral" rating in a report on Friday, February 20th.

Hedge Funds Weigh In On AMN Healthcare Services

A number of hedge funds have recently added to or reduced their stakes in AMN. Royal Bank of Canada lifted its position in AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company's stock valued at $4,753,000 after acquiring an additional 2,784 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of AMN Healthcare Services by 54.2% in the 1st quarter. AQR Capital Management LLC now owns 98,026 shares of the company's stock worth $2,398,000 after purchasing an additional 34,465 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of AMN Healthcare Services in the first quarter worth $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company's stock worth $1,050,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of AMN Healthcare Services by 13.7% during the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company's stock valued at $10,516,000 after purchasing an additional 51,737 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Price Performance

AMN stock opened at $18.17 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50 day moving average price of $19.40 and a 200-day moving average price of $18.37. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $23.74. The firm has a market capitalization of $702.05 million, a price-to-earnings ratio of -7.30, a PEG ratio of 0.74 and a beta of 0.25.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $748.23 million for the quarter, compared to the consensus estimate of $723.11 million. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. Equities research analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

AMN Healthcare Services Company Profile

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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