AMN Healthcare Services Inc (NYSE:AMN) Stock Has Average Target Price of $36.50 According to Analysts

Key Points

• Analysts give AMN Healthcare a “Moderate Buy” consensus across eight ratings, with four buys and four holds. The average 12-month price target is $36.50.
• AMN shares opened at $43.03, near their 12-month high of $43.41 and above the analyst consensus target, after rising 3.4%.
• The company exceeded quarterly expectations, reporting $0.77 in EPS versus $0.19 expected and $673.24 million in revenue, up 2.3% year over year. Institutional investors own 99.23% of the stock.

AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.50.

Several equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of AMN Healthcare Services from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. UBS Group increased their price objective on shares of AMN Healthcare Services from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Robert W. Baird set a $36.00 price objective on shares of AMN Healthcare Services in a research report on Friday, August 7th. Finally, Citigroup restated an "outperform" rating on shares of AMN Healthcare Services in a research note on Friday, August 14th.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of AMN Healthcare Services in the second quarter valued at about $215,047,000. Arrowstreet Capital Limited Partnership grew its holdings in AMN Healthcare Services by 1,278.0% during the 1st 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. Renaissance Technologies LLC grew its holdings in AMN Healthcare Services by 50.7% during the 1st 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. Bank of America Corp DE bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $16,726,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of AMN Healthcare Services during the second quarter valued at approximately $7,958,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Stock Up 3.4%

Shares of AMN stock opened at $43.03 on Thursday. AMN Healthcare Services has a 12 month low of $14.97 and a 12 month high of $43.41. The stock has a market cap of $1.67 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.43 and a beta of 0.40. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. The company has a 50 day simple moving average of $35.41 and a two-hundred day simple moving average of $31.06.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.77 earnings per share 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 business had revenue of $673.24 million for the quarter, compared to analysts' expectations of $628.39 million. During the same quarter last year, the company posted $0.30 EPS. The company's revenue was up 2.3% compared to the same quarter last year. On average, research analysts expect that AMN Healthcare Services will post 3.32 earnings per share for the current year.

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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