Truist Financial Has Lowered Expectations for AMN Healthcare Services (NYSE:AMN) Stock Price

AMN Healthcare Services (NYSE:AMN - Get Free Report) had its price target reduced by equities researchers at Truist Financial from $40.00 to $25.00 in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target would suggest a potential upside of 35.16% from the stock's current price.

AMN has been the subject of a number of other reports. BMO Capital Markets decreased their price objective on shares of AMN Healthcare Services from $38.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, February 24th. JMP Securities reaffirmed a "market outperform" rating and set a $34.00 price target on shares of AMN Healthcare Services in a report on Thursday, February 6th. Finally, StockNews.com upgraded AMN Healthcare Services from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services presently has an average rating of "Hold" and a consensus target price of $38.67.

AMN Healthcare Services Stock Up 1.5 %

NYSE:AMN traded up $0.28 during trading hours on Tuesday, reaching $18.50. 731,540 shares of the company traded hands, compared to its average volume of 900,488. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 1.49. The business's 50-day moving average price is $23.43 and its two-hundred day moving average price is $27.52. AMN Healthcare Services has a 1 year low of $17.88 and a 1 year high of $70.07. The stock has a market capitalization of $706.34 million, a P/E ratio of -4.80 and a beta of -0.03.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.23. AMN Healthcare Services had a positive return on equity of 15.22% and a negative net margin of 4.93%. The firm had revenue of $734.71 million during the quarter, compared to analyst estimates of $694.38 million. Analysts predict that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently made changes to their positions in AMN. Vanguard Group Inc. boosted its holdings in shares of AMN Healthcare Services by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 4,434,866 shares of the company's stock worth $106,082,000 after buying an additional 108,284 shares during the last quarter. State Street Corp boosted its stake in shares of AMN Healthcare Services by 1.1% during the 3rd quarter. State Street Corp now owns 1,520,429 shares of the company's stock worth $64,451,000 after acquiring an additional 16,075 shares during the last quarter. Newtyn Management LLC purchased a new position in shares of AMN Healthcare Services during the 4th quarter worth $28,417,000. WCM Investment Management LLC grew its position in shares of AMN Healthcare Services by 98.8% during the 4th quarter. WCM Investment Management LLC now owns 1,107,405 shares of the company's stock valued at $26,367,000 after acquiring an additional 550,427 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of AMN Healthcare Services by 32.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 887,211 shares of the company's stock worth $21,222,000 after purchasing an additional 217,643 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.