AMN Healthcare Services (NYSE:AMN) Stock Rating Lowered by Wall Street Zen

AMN Healthcare Services (NYSE:AMNGet Free Report) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently weighed in on AMN. Robert W. Baird raised their price objective on AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Citigroup reaffirmed a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $36.00 price target on shares of AMN Healthcare Services in a research report on Tuesday, June 23rd. BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Truist Financial lifted their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Get Our Latest Report on AMN

AMN Healthcare Services Stock Up 0.3%

AMN opened at $33.74 on Friday. The stock has a market cap of $1.31 billion, a PE ratio of -38.78, a P/E/G ratio of 0.77 and a beta of 0.40. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. AMN Healthcare Services has a 52 week low of $14.86 and a 52 week high of $36.27. The business’s fifty day simple moving average is $31.99 and its 200 day simple moving average is $24.62.

AMN Healthcare Services (NYSE:AMNGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 99.9% on a year-over-year basis. As a group, research analysts expect that AMN Healthcare Services will post 2.7 earnings per share for the current fiscal year.

Insider Activity at AMN Healthcare Services

In other news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total value of $114,368.67. Following the transaction, the director owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Assenagon Asset Management S.A. bought a new stake in AMN Healthcare Services in the second quarter valued at approximately $1,464,000. Versant Capital Management Inc boosted its stake in shares of AMN Healthcare Services by 41.8% during the second quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after purchasing an additional 345 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of AMN Healthcare Services in the first quarter worth approximately $382,000. Bank of America Corp DE grew its holdings in shares of AMN Healthcare Services by 9.0% in the first quarter. Bank of America Corp DE now owns 587,369 shares of the company’s stock worth $10,772,000 after purchasing an additional 48,501 shares during the last quarter. Finally, Amundi purchased a new position in shares of AMN Healthcare Services in the first quarter worth $350,000. 99.23% of the stock is currently owned by institutional investors.

About AMN Healthcare Services

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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.

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