AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of AMN Healthcare Services, Inc. (NYSE:AMNGet Free Report) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $87.25.

Several analysts have issued reports on AMN shares. Truist Financial restated a “buy” rating and issued a $88.00 price objective on shares of AMN Healthcare Services in a research note on Tuesday, December 5th. BMO Capital Markets dropped their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. JMP Securities dropped their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Monday, February 26th. StockNews.com lowered AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, UBS Group began coverage on AMN Healthcare Services in a research note on Thursday, November 30th. They set a “neutral” rating and a $73.00 target price on the stock.

View Our Latest Analysis on AMN Healthcare Services

Insider Buying and Selling

In related news, CEO Caroline Grace purchased 17,500 shares of AMN Healthcare Services stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other AMN Healthcare Services news, Director Jorge A. Caballero bought 2,000 shares of AMN Healthcare Services stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $56.80 per share, with a total value of $113,600.00. Following the acquisition, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Caroline Grace bought 17,500 shares of AMN Healthcare Services stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the acquisition, the chief executive officer now owns 27,178 shares in the company, valued at approximately $1,540,449.04. The disclosure for this purchase can be found here. Insiders have purchased 26,626 shares of company stock valued at $1,516,899 over the last 90 days. 0.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently modified their holdings of the business. Hexagon Capital Partners LLC boosted its holdings in shares of AMN Healthcare Services by 69.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after purchasing an additional 147 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of AMN Healthcare Services in the 4th quarter valued at $31,000. Money Concepts Capital Corp bought a new position in shares of AMN Healthcare Services in the 4th quarter valued at $33,000. Quarry LP lifted its stake in shares of AMN Healthcare Services by 64.8% in the 4th quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after acquiring an additional 204 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of AMN Healthcare Services in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Stock Down 4.1 %

AMN stock opened at $63.93 on Friday. AMN Healthcare Services has a fifty-two week low of $53.77 and a fifty-two week high of $112.44. The stock has a market capitalization of $2.42 billion, a P/E ratio of 12.09 and a beta of 0.21. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The business has a 50-day moving average of $67.07 and a 200-day moving average of $72.10.

AMN Healthcare Services (NYSE:AMNGet Free Report) last released its earnings results 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. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The business had revenue of $818.27 million for the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the prior year, the company posted $2.48 earnings per share. AMN Healthcare Services’s revenue was down 27.3% on a year-over-year basis. On average, sell-side analysts anticipate that AMN Healthcare Services will post 3.97 earnings per share for the current fiscal year.

AMN Healthcare Services Company Profile

(Get Free Report

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.

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Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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