Shares of AMN Healthcare Services Inc (NYSE:AMN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $30.14 and traded as high as $36.89. AMN Healthcare Services shares last traded at $36.5880, with a volume of 345,957 shares changing hands.
Analyst Ratings Changes
A number of research firms recently commented on AMN. Wall Street Zen cut AMN Healthcare Services from a "buy" rating to a "hold" rating in a report on Tuesday, August 25th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research note on Friday, August 7th. BMO Capital Markets raised their target price on AMN Healthcare Services from $40.00 to $43.00 and gave the stock an "outperform" rating in a research note on Friday. Citizens Jmp lifted their target price on AMN Healthcare Services from $36.00 to $40.00 and gave the company a "market outperform" rating in a research report on Friday, August 14th. Finally, Truist Financial lifted their target price on AMN Healthcare Services from $26.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.50.
Check Out Our Latest Analysis on AMN
AMN Healthcare Services Stock Performance
The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.40. The firm's fifty day moving average price is $34.56 and its 200 day moving average price is $30.14.
AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Analysts forecast that AMN Healthcare Services Inc will post 3.32 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its position in AMN Healthcare Services by 41.8% in the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company's stock valued at $38,000 after acquiring an additional 345 shares in the last quarter. IFP Advisors Inc lifted its position in shares of AMN Healthcare Services by 849.6% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company's stock worth $41,000 after purchasing an additional 1,147 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of AMN Healthcare Services during the second quarter worth about $49,000. Allworth Financial LP acquired a new stake in shares of AMN Healthcare Services during the second quarter worth about $65,000. Finally, Globeflex Capital L P acquired a new stake in shares of AMN Healthcare Services during the first quarter worth about $131,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
About AMN Healthcare Services
(
Get Free Report)
AMN Healthcare Services, Inc NYSE: AMN is a healthcare workforce solutions company that helps hospitals, health systems and other healthcare organizations recruit, deploy and manage clinical and nonclinical personnel. The company serves healthcare providers primarily in the United States.
Its services include temporary and permanent placement of nurses and allied healthcare professionals, locum tenens staffing for physicians and advanced practice providers, and recruitment and workforce consulting.
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