Brokerages Set AMN Healthcare Services Inc (NYSE:AMN) Target Price at $22.36

AMN Healthcare Services Inc (NYSE:AMN) has earned an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $22.3571.

A number of research firms have recently issued reports on AMN. Citigroup restated a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday, December 19th. JPMorgan Chase & Co. set a $25.00 price objective on shares of AMN Healthcare Services in a research report on Thursday, January 15th. Wall Street Zen upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Citizens Jmp lowered their price target on AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Friday, December 19th. Finally, Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th.

Institutional Trading of AMN Healthcare Services

Several institutional investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC increased its stake in AMN Healthcare Services by 33.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock valued at $126,000 after buying an additional 2,000 shares during the period. Thompson Investment Management Inc. boosted its stake in shares of AMN Healthcare Services by 24.3% during the 4th quarter. Thompson Investment Management Inc. now owns 443,113 shares of the company’s stock valued at $6,983,000 after buying an additional 86,579 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of AMN Healthcare Services by 11.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 33,834 shares of the company’s stock valued at $533,000 after acquiring an additional 3,611 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of AMN Healthcare Services by 31.5% during the 4th quarter. SG Americas Securities LLC now owns 66,475 shares of the company’s stock valued at $1,048,000 after acquiring an additional 15,914 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of AMN Healthcare Services by 7.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 34,790 shares of the company’s stock worth $548,000 after acquiring an additional 2,417 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

AMN Healthcare Services Trading Up 1.2%

Shares of NYSE AMN opened at $19.54 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.31. AMN Healthcare Services has a 12 month low of $14.86 and a 12 month high of $30.49. The company has a market cap of $750.53 million, a price-to-earnings ratio of -2.72 and a beta of 0.20. The business has a fifty day simple moving average of $16.56 and a 200-day simple moving average of $18.43.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.20. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The firm had revenue of $634.50 million for the quarter, compared to analysts’ expectations of $618.08 million. During the same quarter last year, the business posted $0.61 EPS. AMN Healthcare Services’s revenue was down 7.7% on a year-over-year basis. Sell-side analysts predict that AMN Healthcare Services will post 1.33 EPS for the current year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.