AMN Healthcare Services (NYSE:AMN) Price Target Cut to $18.00 by Analysts at Bank of America

Key Points

• Bank of America lowered AMN Healthcare Services' target price from $20.00 to $18.00, indicating a potential downside of 9.46% based on the stock's previous close.
• AMN Healthcare shares decreased by 4.6%, closing at $19.88, with a trading volume significantly lower than its average.
• Consensus ratings for AMN Healthcare are mixed, with three analysts rating it as a Buy, four as a Hold, and one as a Sell, while the average target price is $23.25.

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its target price reduced by Bank of America from $20.00 to $18.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "underperform" rating on the stock. Bank of America's price objective indicates a potential downside of 9.46% from the company's previous close.

Several other brokerages have also commented on AMN. UBS Group decreased 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 report on Tuesday, May 13th. BMO Capital Markets reduced their price objective on shares of AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, August 11th. Finally, JMP Securities cut their target price on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $23.25.

AMN Healthcare Services Trading Down 4.6%

Shares of NYSE:AMN traded down $0.95 on Wednesday, hitting $19.88. The company had a trading volume of 372,238 shares, compared to its average volume of 881,410. The firm's 50-day simple moving average is $19.79 and its two-hundred day simple moving average is $21.23. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $48.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $761.80 million, a price-to-earnings ratio of -2.56 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The business had revenue of $658.18 million during the quarter, compared to analysts' expectations of $652.89 million. During the same period in the previous year, the company earned $0.98 earnings per share. The business's revenue for the quarter was down 11.1% compared to the same quarter last year. AMN Healthcare Services has set its Q3 2025 guidance at EPS. Equities analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently made changes to their positions in AMN. Yousif Capital Management LLC increased its position in shares of AMN Healthcare Services by 3.2% during the second quarter. Yousif Capital Management LLC now owns 17,027 shares of the company's stock valued at $352,000 after acquiring an additional 534 shares during the last quarter. Cresset Asset Management LLC boosted its stake in AMN Healthcare Services by 5.6% during the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock valued at $257,000 after buying an additional 566 shares during the period. Golden State Wealth Management LLC lifted its stake in AMN Healthcare Services by 107.0% during the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock worth $28,000 after purchasing an additional 599 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of AMN Healthcare Services by 7.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,829 shares of the company's stock worth $203,000 after buying an additional 718 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in AMN Healthcare Services by 4.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the company's stock valued at $353,000 after purchasing an additional 777 shares during the period. Institutional investors and hedge funds 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.

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