AMN Healthcare Services (NYSE:AMN) Sets New 52-Week Low at $52.04

AMN Healthcare Services, Inc. (NYSE:AMNGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $52.04 and last traded at $52.67, with a volume of 111397 shares trading hands. The stock had previously closed at $52.59.

Analysts Set New Price Targets

Several research firms have weighed in on AMN. Truist Financial dropped their price target on AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets cut their target price on shares of AMN Healthcare Services from $80.00 to $71.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. JMP Securities reiterated a “market outperform” rating and issued a $75.00 price target on shares of AMN Healthcare Services in a research note on Friday, May 10th. Bank of America raised their price objective on AMN Healthcare Services from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, AMN Healthcare Services presently has a consensus rating of “Hold” and a consensus price target of $75.57.

Get Our Latest Stock Report on AMN

AMN Healthcare Services Trading Up 0.5 %

The stock has a market cap of $2.05 billion, a P/E ratio of 14.39 and a beta of 0.17. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s fifty day moving average is $57.26 and its 200 day moving average is $64.64.

AMN Healthcare Services (NYSE:AMNGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The business had revenue of $820.90 million for the quarter, compared to the consensus estimate of $816.54 million. AMN Healthcare Services had a return on equity of 31.39% and a net margin of 4.13%. The company’s quarterly revenue was down 27.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.49 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services, Inc. will post 3.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of AMN Healthcare Services by 6.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,558 shares of the company’s stock worth $900,000 after purchasing an additional 605 shares during the period. Van ECK Associates Corp boosted its position in shares of AMN Healthcare Services by 42.8% during the third quarter. Van ECK Associates Corp now owns 8,820 shares of the company’s stock valued at $751,000 after buying an additional 2,644 shares during the period. Pathstone Family Office LLC grew its stake in shares of AMN Healthcare Services by 53.6% during the third quarter. Pathstone Family Office LLC now owns 4,284 shares of the company’s stock valued at $365,000 after buying an additional 1,495 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of AMN Healthcare Services by 61.1% in the third quarter. HighTower Advisors LLC now owns 10,051 shares of the company’s stock worth $862,000 after buying an additional 3,813 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of AMN Healthcare Services by 7.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 27,825 shares of the company’s stock worth $2,370,000 after acquiring an additional 1,976 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

About AMN Healthcare Services

(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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