JMP Securities Lowers AMN Healthcare Services (NYSE:AMN) Price Target to $22.00

Key Points

• JMP Securities has reduced its price target for AMN Healthcare Services from $33.00 to $22.00, suggesting a potential upside of 33.70% based on the stock's previous close.
• Shares of AMN Healthcare Services are currently trading at $16.46, having experienced a 4.6% drop, and the company has a market cap of approximately $629.90 million.
• Despite the price target cuts, AMN Healthcare Services has a consensus rating of "Hold" with an average target price of $28.25 based on recent analyst reports.

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its target price cut by research analysts at JMP Securities from $33.00 to $22.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "market outperform" rating on the stock. JMP Securities' target price would suggest a potential upside of 33.70% from the stock's previous close.

Other research analysts also recently issued reports about the company. BMO Capital Markets set a $22.00 price objective on AMN Healthcare Services and gave the company an "outperform" rating in a research note on Monday. Truist Financial cut their price target on AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, UBS Group cut their price target on AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $28.25.

AMN Healthcare Services Trading Down 4.6%

Shares of AMN stock opened at $16.46 on Tuesday. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $59.19. The company has a market cap of $629.90 million, a PE ratio of -2.12 and a beta of 0.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.08 and a current ratio of 1.00. The stock's fifty day moving average price is $20.38 and its two-hundred day moving average price is $22.03.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. The business had revenue of $658.18 million during the quarter, compared to analyst estimates of $652.89 million. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%. AMN Healthcare Services's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. Equities analysts predict that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its position in shares of AMN Healthcare Services by 107.0% during the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock valued at $28,000 after buying an additional 599 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of AMN Healthcare Services by 3,142.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,524 shares of the company's stock valued at $37,000 after buying an additional 1,477 shares during the last quarter. LRI Investments LLC boosted its position in shares of AMN Healthcare Services by 368.2% during the fourth quarter. LRI Investments LLC now owns 1,620 shares of the company's stock valued at $39,000 after buying an additional 1,274 shares during the last quarter. Caption Management LLC boosted its position in shares of AMN Healthcare Services by 400.0% during the first quarter. Caption Management LLC now owns 2,500 shares of the company's stock valued at $61,000 after buying an additional 2,000 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of AMN Healthcare Services by 41.0% in the fourth quarter. Covestor Ltd now owns 2,914 shares of the company's stock valued at $70,000 after acquiring an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.