AMN Healthcare Services Inc (NYSE:AMN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• AMN Healthcare Services has a “Moderate Buy” consensus from eight analysts, split evenly between four buy and four hold ratings. The average 12-month price target is $36.00 versus the stock’s $34.56 opening price.
• Recent analyst actions were generally positive: BMO Capital Markets and Citizens JMP raised their price targets to $40, while UBS raised its target to $35 and maintained a neutral rating.
• The company exceeded quarterly expectations, reporting earnings per share of $0.77 versus the $0.19 consensus estimate and revenue of $673.24 million versus $628.39 million expected. Institutional investors own 99.23% of the stock.

Shares of AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.00.

A number of research firms have weighed in on AMN. BMO Capital Markets boosted their price objective on AMN Healthcare Services from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, September 11th. Citizens Jmp lifted their price target 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. UBS Group lifted their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Weiss Ratings raised shares of 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.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds have recently modified their holdings of the business. Tidal Investments LLC acquired a new stake in shares of AMN Healthcare Services during the 2nd quarter worth about $2,301,000. Integrated Wealth Concepts LLC purchased a new position in AMN Healthcare Services during the second quarter worth about $49,000. IFP Advisors Inc boosted its stake in AMN Healthcare Services by 849.6% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company's stock worth $41,000 after buying an additional 1,147 shares during the period. Allworth Financial LP increased its position in shares of AMN Healthcare Services by 298.2% during the second quarter. Allworth Financial LP now owns 1,995 shares of the company's stock valued at $65,000 after acquiring an additional 1,494 shares during the last quarter. Finally, Corient Private Wealth LP increased its position in shares of AMN Healthcare Services by 159.2% during the second quarter. Corient Private Wealth LP now owns 101,418 shares of the company's stock valued at $3,283,000 after acquiring an additional 62,294 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Up 0.0%

Shares of NYSE AMN opened at $34.56 on Friday. The stock has a market cap of $1.34 billion, a PE ratio of 12.90, a P/E/G ratio of 1.19 and a beta of 0.38. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. AMN Healthcare Services has a 12-month low of $14.97 and a 12-month high of $37.22. The company has a 50-day moving average of $34.01 and a 200 day moving average of $28.63.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.58. The business had revenue of $673.24 million for the quarter, compared to analyst estimates of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. As a group, sell-side analysts predict that AMN Healthcare Services will post 3.32 EPS for the current fiscal year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals, health systems, medical groups, government agencies and other healthcare organizations. Its services are designed to help clients address workforce shortages, manage changing staffing needs and support the delivery of patient care.

The company's offerings include travel and temporary nurse staffing, allied healthcare staffing, physician and advanced-practice professional staffing, and permanent placement services.

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