AMN Healthcare Services (NYSE:AMN) PT Lowered to $71.00 at BMO Capital Markets

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its price target dropped by research analysts at BMO Capital Markets from $80.00 to $71.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. BMO Capital Markets' price target would suggest a potential upside of 20.22% from the stock's previous close.

A number of other brokerages have also issued reports on AMN. JMP Securities reiterated a "market outperform" rating and set a $75.00 target price on shares of AMN Healthcare Services in a research report on Friday. Truist Financial decreased their price objective on AMN Healthcare Services from $88.00 to $70.00 and set a "buy" rating on the stock in a research report on Monday, April 22nd. Benchmark restated a "hold" rating on shares of AMN Healthcare Services in a research report on Thursday, May 2nd. Finally, StockNews.com upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Friday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $81.14.

AMN Healthcare Services Price Performance

Shares of AMN traded up $4.35 on Monday, hitting $59.06. The company's stock had a trading volume of 1,609,693 shares, compared to its average volume of 789,261. The company has a 50 day moving average price of $59.50 and a 200 day moving average price of $66.33. AMN Healthcare Services has a fifty-two week low of $53.00 and a fifty-two week high of $112.44. The company has a market capitalization of $2.24 billion, a PE ratio of 15.88 and a beta of 0.22. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.27 and a quick ratio of 1.28.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The company had revenue of $820.90 million for the quarter, compared to analysts' expectations of $816.54 million. During the same quarter in the prior year, the business earned $2.49 earnings per share. The business's revenue for the quarter was down 27.1% on a year-over-year basis. On average, research analysts anticipate that AMN Healthcare Services will post 3.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Partners lifted its position in AMN Healthcare Services by 102.7% in the 4th quarter. Boston Partners now owns 2,884,550 shares of the company's stock valued at $216,038,000 after acquiring an additional 1,461,541 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of AMN Healthcare Services by 145.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company's stock valued at $104,578,000 after purchasing an additional 828,390 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of AMN Healthcare Services by 3,287.3% during the third quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company's stock worth $47,359,000 after buying an additional 539,576 shares during the period. WCM Investment Management LLC grew its holdings in shares of AMN Healthcare Services by 107.8% during the first quarter. WCM Investment Management LLC now owns 764,997 shares of the company's stock worth $47,820,000 after buying an additional 396,805 shares in the last quarter. Finally, Norges Bank acquired a new stake in AMN Healthcare Services in the 4th quarter valued at approximately $19,864,000. Institutional investors and hedge funds 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.