Benchmark Reaffirms Hold Rating for AMN Healthcare Services (NYSE:AMN)

AMN Healthcare Services (NYSE:AMN - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Benchmark in a research note issued on Thursday, Benzinga reports.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $85.00 to $83.00 and set an "outperform" rating for the company in a report on Tuesday, February 20th. Truist Financial decreased their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a "buy" rating for the company in a report on Monday, April 22nd. 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 report on Monday, February 26th. Finally, StockNews.com raised shares of AMN Healthcare Services from a "sell" rating to a "hold" rating in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $85.00.

AMN Healthcare Services Stock Performance

AMN stock traded up $0.31 during midday trading on Thursday, reaching $60.21. The stock had a trading volume of 820,974 shares, compared to its average volume of 765,928. The firm has a fifty day simple moving average of $58.99 and a two-hundred day simple moving average of $67.20. The stock has a market cap of $2.28 billion, a PE ratio of 11.25 and a beta of 0.22. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28.

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

Insider Transactions at AMN Healthcare Services

In other news, CEO Caroline Grace bought 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Caroline Grace bought 17,500 shares of the stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorge A. Caballero bought 2,000 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, 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. Insiders have bought a total of 26,626 shares of company stock valued at $1,516,899 in the last 90 days. Insiders own 0.93% of the company's stock.

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new position in AMN Healthcare Services in the 4th quarter worth approximately $5,361,000. American Century Companies Inc. raised its position in shares of AMN Healthcare Services by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 177,151 shares of the company's stock valued at $15,090,000 after acquiring an additional 20,510 shares in the last quarter. Pacer Advisors Inc. grew its stake in AMN Healthcare Services by 145.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company's stock worth $104,578,000 after buying an additional 828,390 shares during the last quarter. Comerica Bank bought a new position in AMN Healthcare Services during the 3rd quarter worth $4,195,000. Finally, Cambiar Investors LLC grew its stake in AMN Healthcare Services by 17.8% during the 3rd quarter. Cambiar Investors LLC now owns 27,056 shares of the company's stock worth $2,305,000 after buying an additional 4,079 shares during 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.