AMN Healthcare Services (NYSE:AMN) Price Target Cut to $22.00 by Analysts at JMP Securities

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 - Free Report) had its target price decreased by JMP Securities from $33.00 to $22.00 in a research report released on Tuesday,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on AMN. Truist Financial dropped their price target on shares of AMN Healthcare Services from $40.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. UBS Group dropped their price target on shares of AMN Healthcare Services from $30.00 to $25.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, BMO Capital Markets set a $22.00 price target on shares of AMN Healthcare Services and gave the company an "outperform" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, AMN Healthcare Services has a consensus rating of "Hold" and an average target price of $28.25.

AMN Healthcare Services Trading Up 1.3%

AMN Healthcare Services stock traded up $0.24 during midday trading on Tuesday, hitting $18.91. 1,070,256 shares of the stock were exchanged, compared to its average volume of 1,045,159. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $54.01. The stock has a market capitalization of $724.63 million, a price-to-earnings ratio of -2.43 and a beta of 0.10. The stock's 50-day simple moving average is $20.22 and its 200 day simple moving average is $21.86. The company has a current ratio of 1.00, a quick ratio of 1.08 and a debt-to-equity ratio of 1.51.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings data 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. AMN Healthcare Services had a negative net margin of 10.75% and a positive return on equity of 11.09%. The firm had revenue of $658.18 million during the quarter, compared to analysts' expectations of $652.89 million. During the same period last year, the business earned $0.98 earnings per share. AMN Healthcare Services's revenue was down 11.1% compared to the same quarter last year. On average, equities analysts anticipate that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC boosted its stake in shares of AMN Healthcare Services by 3.2% in the second quarter. Yousif Capital Management LLC now owns 17,027 shares of the company's stock valued at $352,000 after purchasing an additional 534 shares during the period. Cresset Asset Management LLC lifted its stake in AMN Healthcare Services by 5.6% in the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company's stock worth $257,000 after acquiring an additional 566 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in AMN Healthcare Services by 107.0% in the first quarter. Golden State Wealth Management LLC now owns 1,159 shares of the company's stock worth $28,000 after acquiring an additional 599 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in AMN Healthcare Services by 7.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,829 shares of the company's stock worth $203,000 after acquiring an additional 718 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in AMN Healthcare Services by 4.8% in the second quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the company's stock worth $353,000 after acquiring an additional 777 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

About AMN Healthcare Services

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.