AMN Healthcare Services (NYSE:AMN) Price Target Cut to $33.00 by Analysts at BMO Capital Markets

AMN Healthcare Services (NYSE:AMN) had its target price reduced by BMO Capital Markets from $38.00 to $33.00 in a report released on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group lowered their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. JMP Securities reissued a “market outperform” rating and set a $34.00 target price on shares of AMN Healthcare Services in a research note on Thursday, February 6th. Finally, Truist Financial lowered their target price on shares of AMN Healthcare Services from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, AMN Healthcare Services currently has an average rating of “Hold” and an average target price of $41.17.

AMN Healthcare Services Trading Down 0.7 %

Shares of NYSE:AMN opened at $25.99 on Monday. The company has a market cap of $992.53 million, a PE ratio of -6.75 and a beta of 0.07. The company’s 50-day moving average price is $25.47 and its 200 day moving average price is $34.31. AMN Healthcare Services has a fifty-two week low of $22.47 and a fifty-two week high of $70.07. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.23. The firm had revenue of $734.71 million for the quarter, compared to the consensus estimate of $694.38 million. AMN Healthcare Services had a negative net margin of 4.93% and a positive return on equity of 15.22%. Sell-side analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake in shares of AMN Healthcare Services by 33.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,505 shares of the company’s stock worth $36,000 after purchasing an additional 377 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of AMN Healthcare Services by 5.6% in the fourth quarter. Cresset Asset Management LLC now owns 10,761 shares of the company’s stock worth $257,000 after acquiring an additional 566 shares in the last quarter. Quarry LP increased its position in shares of AMN Healthcare Services by 48.4% in the third quarter. Quarry LP now owns 2,006 shares of the company’s stock worth $85,000 after acquiring an additional 654 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of AMN Healthcare Services in the third quarter worth approximately $30,000. Finally, Blue Trust Inc. increased its position in shares of AMN Healthcare Services by 46.3% in the fourth quarter. Blue Trust Inc. now owns 2,381 shares of the company’s stock worth $57,000 after acquiring an additional 754 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

About AMN Healthcare Services

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.