AMN Healthcare Services (NYSE:AMN) Price Target Raised to $24.00

Key Points

• Truist Financial has raised its price target for AMN Healthcare Services from $20.00 to $24.00, implying a potential upside of 25.98% from the current stock price.
• Despite the positive outlook from Truist, Bank of America and others have lowered their price targets, with Bank of America setting a new target of $18.00 and rating the stock as "underperform."
• AMN Healthcare Services reported a quarterly earnings beat with $0.30 EPS, exceeding estimates, while noting an 11.1% revenue decline year-over-year.

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its price objective lifted by equities researchers at Truist Financial from $20.00 to $24.00 in a report released on Monday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target points to a potential upside of 25.98% from the stock's current price.

A number of other equities analysts have also weighed in on AMN. Bank of America decreased their price target on AMN Healthcare Services from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Wednesday, September 10th. JMP Securities reduced their price objective on AMN Healthcare Services from $33.00 to $22.00 and set a "market outperform" rating for the company in a research note on Tuesday, August 12th. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $27.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, August 11th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of AMN Healthcare Services in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.08.

AMN Healthcare Services Price Performance

AMN stock traded up $0.89 during trading hours on Monday, hitting $19.05. 56,299 shares of the stock traded hands, compared to its average volume of 897,023. The stock has a 50-day simple moving average of $19.18 and a 200 day simple moving average of $20.19. AMN Healthcare Services has a one year low of $14.86 and a one year high of $43.08. The company has a market cap of $730.03 million, a P/E ratio of -2.44 and a beta of 0.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.13. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%.The business had revenue of $658.18 million during the quarter, compared to analyst estimates of $652.89 million. During the same quarter last year, the company posted $0.98 EPS. AMN Healthcare Services'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. Equities analysts forecast that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors have recently made changes to their positions in the company. Newtyn Management LLC lifted its holdings in shares of AMN Healthcare Services by 1.0% during the 1st quarter. Newtyn Management LLC now owns 1,200,000 shares of the company's stock valued at $29,352,000 after buying an additional 11,984 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of AMN Healthcare Services by 137.5% during the 1st quarter. Millennium Management LLC now owns 1,097,482 shares of the company's stock valued at $26,844,000 after buying an additional 635,296 shares during the last quarter. Bank of America Corp DE lifted its holdings in AMN Healthcare Services by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 919,408 shares of the company's stock worth $19,004,000 after purchasing an additional 95,720 shares during the last quarter. Geode Capital Management LLC lifted its holdings in AMN Healthcare Services by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 909,204 shares of the company's stock worth $18,795,000 after purchasing an additional 30,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in AMN Healthcare Services by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 904,275 shares of the company's stock worth $22,119,000 after purchasing an additional 17,064 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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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