Bank of America Cuts AMN Healthcare Services (NYSE:AMN) Price Target to $18.00

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 price objective lowered by research analysts at Bank of America from $20.00 to $18.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "underperform" rating on the stock. Bank of America's price objective would indicate a potential downside of 1.21% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. 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 research note on Monday, August 11th. JMP Securities reduced their price target on shares of AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, UBS Group reduced their price target on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $23.25.

AMN Healthcare Services Trading Down 0.2%

AMN stock traded down $0.03 during midday trading on Wednesday, reaching $18.22. The company's stock had a trading volume of 730,744 shares, compared to its average volume of 899,285. AMN Healthcare Services has a 52 week low of $14.86 and a 52 week high of $48.49. The stock has a market cap of $698.19 million, a PE ratio of -2.35 and a beta of 0.11. 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 business's 50-day simple moving average is $19.61 and its 200-day simple moving average is $21.04.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $658.18 million for the quarter, compared to analysts' expectations of $652.89 million. During the same period last year, the firm earned $0.98 earnings per share. The business's revenue for the quarter was down 11.1% on a year-over-year basis. AMN Healthcare Services has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in AMN Healthcare Services by 34.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,145 shares of the company's stock valued at $370,000 after buying an additional 3,880 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in AMN Healthcare Services in the 1st quarter valued at $592,000. Golden State Wealth Management LLC increased its stake in AMN Healthcare Services by 107.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after buying an additional 599 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in AMN Healthcare Services in the 1st quarter valued at $1,581,000. Finally, GAMMA Investing LLC increased its stake in AMN Healthcare Services by 74.9% in the 1st quarter. GAMMA Investing LLC now owns 5,278 shares of the company's stock valued at $129,000 after buying an additional 2,260 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 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.