AMN Healthcare Services (NYSE:AMN) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Key Points

• Citizens JMP raised its price target on AMN Healthcare from $40 to $51 and maintained a “market outperform” rating, implying 32.39% potential upside from the prior close.
• AMN reported quarterly EPS of $1.16, beating the $0.23 consensus estimate, while revenue of $717.27 million topped expectations and increased 13% year over year.
• Shares fell 18.8% on Friday to $38.52. Analysts’ average rating was “Moderate Buy,” with a consensus price target of $38.33.

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its target price lifted by equities research analysts at Citizens Jmp from $40.00 to $51.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "market outperform" rating on the stock. Citizens Jmp's target price would suggest a potential upside of 32.39% from the stock's previous close.

A number of other equities analysts also recently weighed in on AMN. Citigroup reaffirmed an "outperform" rating on shares of AMN Healthcare Services in a research note on Friday, August 14th. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a research report on Tuesday, August 25th. UBS Group boosted their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating 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, Robert W. Baird set a $36.00 price objective on AMN Healthcare Services in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

AMN Healthcare Services Stock Down 18.8%

Shares of NYSE:AMN traded down $8.90 during midday trading on Friday, reaching $38.52. The company's stock had a trading volume of 179,361 shares, compared to its average volume of 1,018,785. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $38.18 and a 200-day moving average of $28.98. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.43, a PEG ratio of 1.64 and a beta of 0.42. AMN Healthcare Services has a 12-month low of $14.97 and a 12-month high of $49.62.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.93. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The company had revenue of $717.27 million during the quarter, compared to analysts' expectations of $649.55 million. During the same period last year, the company posted $0.39 EPS. AMN Healthcare Services's revenue was up 13.0% on a year-over-year basis. On average, research 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

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of AMN Healthcare Services in the 2nd quarter worth $215,047,000. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $25,708,000 after purchasing an additional 1,300,005 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of AMN Healthcare Services by 50.7% during the first quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company's stock valued at $25,242,000 after purchasing an additional 463,100 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of AMN Healthcare Services by 9.0% during the first quarter. Bank of America Corp DE now owns 587,369 shares of the company's stock valued at $10,772,000 after purchasing an additional 48,501 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of AMN Healthcare Services by 25.9% during the first quarter. Systematic Financial Management LP now owns 372,464 shares of the company's stock valued at $6,831,000 after purchasing an additional 76,550 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Company Profile

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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