AMN Healthcare Services (NYSE:AMN) Stock Gets Price Target Increase from Truist Financial

Key Points

• Truist Financial raised its price target on AMN Healthcare Services from $40 to $45 and maintained a “buy” rating, implying 25.86% upside from the stock’s current price.
• AMN reported quarterly EPS of $1.16, beating the $0.23 consensus estimate, while revenue of $717.27 million exceeded expectations and grew 13% year over year.
• Analyst opinion is mixed: MarketBeat’s consensus rating is “Hold,” with an average price target of $39.17; four analysts rate the stock Buy, four Hold, and one Sell.

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its price target boosted by stock analysts at Truist Financial from $40.00 to $45.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target would suggest a potential upside of 25.86% from the company's current price.

Several other research analysts have also recently commented on AMN. Citigroup reaffirmed an "outperform" rating on shares of AMN Healthcare Services in a report on Friday, August 14th. UBS Group boosted their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Robert W. Baird set a $36.00 price target on AMN Healthcare Services in a research report on Friday, August 7th. Weiss Ratings upgraded AMN Healthcare Services from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, September 18th. Finally, Bank of America restated an "underperform" rating on shares of AMN Healthcare Services in a research note on Friday. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $39.17.

AMN Healthcare Services Trading Down 1.2%

AMN stock opened at $35.75 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.13 and a current ratio of 1.21. The company's 50-day simple moving average is $38.19 and its 200 day simple moving average is $29.07. AMN Healthcare Services has a 52 week low of $14.97 and a 52 week high of $49.62. The company has a market capitalization of $1.38 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.24 and a beta of 0.42.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.93. The business had revenue of $717.27 million during the quarter, compared to analysts' expectations of $649.55 million. AMN Healthcare Services had a net margin of 3.10% and a return on equity of 23.42%. The business's revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, sell-side analysts anticipate that AMN Healthcare Services will post 3.32 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently bought and sold shares of AMN. BlackRock Inc. acquired a new position in shares of AMN Healthcare Services during the 2nd quarter worth $215,047,000. Arrowstreet Capital Limited Partnership boosted its stake in AMN Healthcare Services by 1,278.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company's stock valued at $25,708,000 after buying an additional 1,300,005 shares in the last quarter. Bank of America Corp DE acquired a new stake in AMN Healthcare Services in the second quarter valued at about $16,726,000. Renaissance Technologies LLC boosted its stake in AMN Healthcare Services by 50.7% in the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company's stock valued at $25,242,000 after buying an additional 463,100 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in AMN Healthcare Services in the second quarter valued at about $7,958,000. 99.23% of the stock is owned by institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc is a healthcare workforce solutions and technology company that helps hospitals, health systems, medical practices and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company operates through a portfolio of staffing, workforce management and language-services businesses.

Its services include temporary and permanent placement of registered nurses, allied healthcare professionals and physicians, as well as locum tenens staffing for doctors and advanced practice professionals.

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