AMN Healthcare Services Inc (NYSE:AMN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on AMN Healthcare Services, with two sell, three hold and four buy ratings. The average 12-month price target is $31.43, below the reported share price of $33.42.
• AMN posted quarterly EPS of $0.77, exceeding the $0.19 consensus estimate, while revenue of $673.24 million rose 2.3% year over year and topped expectations.
• Institutional investors own 99.23% of the company; meanwhile, a director sold 3,681 shares under a pre-arranged Rule 10b5-1 trading plan.

AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.4286.

A number of equities analysts have issued reports on the company. Citizens Jmp increased their target price on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a "market outperform" rating in a report on Friday, August 14th. Zacks Research lowered AMN Healthcare Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. BMO Capital Markets upped their price objective on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, May 11th. Robert W. Baird set a $36.00 price objective on AMN Healthcare Services in a report on Friday, August 7th. Finally, Truist Financial lifted their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd.

AMN Healthcare Services Stock Performance

Shares of AMN opened at $33.42 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. AMN Healthcare Services has a twelve month low of $14.97 and a twelve month high of $37.22. The firm's 50 day moving average price is $33.73 and its two-hundred day moving average price is $26.81. The firm has a market cap of $1.29 billion, a P/E ratio of 12.47, a PEG ratio of 1.18 and a beta of 0.38.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The company had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that AMN Healthcare Services will post 3.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other AMN Healthcare Services news, Director Mark G. Foletta sold 3,681 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares of the company's stock, valued at $556,681.19. This represents a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is currently owned by company insiders.

Institutional Trading of AMN Healthcare Services

A number of institutional investors have recently made changes to their positions in AMN. Summit Securities Group LLC bought a new position in AMN Healthcare Services in the fourth quarter valued at $32,000. Versant Capital Management Inc lifted its position in AMN Healthcare Services by 41.8% during the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock worth $38,000 after buying an additional 345 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in AMN Healthcare Services during the 3rd quarter worth about $63,000. Tower Research Capital LLC TRC boosted its stake in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company's stock worth $64,000 after buying an additional 1,020 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of AMN Healthcare Services during the 2nd quarter worth about $65,000. Institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc NYSE: AMN is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source