AMN Healthcare Services, Inc. (NYSE:AMN) Receives $85.00 Consensus Target Price from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $82.86.

Several research firms recently commented on AMN. StockNews.com raised AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, April 23rd. Truist Financial decreased their target price on AMN Healthcare Services from $88.00 to $70.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. BMO Capital Markets lowered their price target on AMN Healthcare Services from $85.00 to $83.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Benchmark restated a "hold" rating on shares of AMN Healthcare Services in a research report on Thursday. Finally, JMP Securities dropped their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a "market outperform" rating on the stock in a research report on Monday, February 26th.

Insider Transactions at AMN Healthcare Services

In other news, Director Jorge A. Caballero purchased 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the acquisition, the director now directly owns 2,437 shares of the company's stock, valued at approximately $138,421.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Caroline Grace purchased 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, with a total value of $991,900.00. Following the purchase, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jorge A. Caballero acquired 2,000 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average price of $56.80 per share, with a total value of $113,600.00. Following the purchase, the director now directly owns 2,437 shares of the company's stock, valued at $138,421.60. The disclosure for this purchase can be found here. In the last quarter, insiders bought 26,626 shares of company stock worth $1,516,899. Company insiders own 0.93% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC raised its stake in shares of AMN Healthcare Services by 69.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company's stock worth $27,000 after buying an additional 147 shares during the last quarter. GAMMA Investing LLC purchased a new position in AMN Healthcare Services during the 4th quarter valued at about $31,000. Quarry LP raised its position in AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company's stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $49,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of AMN Healthcare Services in the first quarter valued at approximately $58,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Down 1.1 %

Shares of AMN traded down $0.68 during midday trading on Friday, hitting $59.53. The company had a trading volume of 433,806 shares, compared to its average volume of 625,084. AMN Healthcare Services has a 1 year low of $53.77 and a 1 year high of $112.44. The firm has a market capitalization of $2.26 billion, a P/E ratio of 11.25 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The company's 50-day simple moving average is $59.15 and its 200-day simple moving average is $66.96.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The company had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same quarter in the previous year, the firm earned $2.48 earnings per share. The firm's quarterly revenue was down 27.3% on a year-over-year basis. As a group, sell-side analysts expect that AMN Healthcare Services will post 3.86 EPS for the current year.

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.