AMN Healthcare Services (NYSE:AMN) Earns Hold Rating from Analysts at StockNews.com

Posted by Defense World Staff on May 18th, 2023

Analysts at StockNews.com assumed coverage on shares of AMN Healthcare Services (NYSE:AMN – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Other equities analysts also recently issued reports about the stock. Credit Suisse Group cut their price target on shares of AMN Healthcare Services from $128.00 to $115.00 in a report on Friday, May 5th. BMO Capital Markets reduced their price target on AMN Healthcare Services from $100.00 to $98.00 in a report on Monday, May 8th. Truist Financial dropped their price objective on AMN Healthcare Services from $140.00 to $105.00 in a report on Tuesday, May 2nd. Robert W. Baird reduced their target price on AMN Healthcare Services from $111.00 to $100.00 in a research note on Friday, May 5th. Finally, Benchmark reissued a “buy” rating and set a $148.00 target price on shares of AMN Healthcare Services in a research note on Monday, February 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Moderate Buy” and an average price target of $113.20.

AMN Healthcare Services Trading Up 0.3 %

Shares of NYSE AMN opened at $95.44 on Thursday. AMN Healthcare Services has a 1-year low of $81.15 and a 1-year high of $129.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day moving average is $86.62 and its two-hundred day moving average is $99.45. The stock has a market capitalization of $3.78 billion, a P/E ratio of 10.88, a PEG ratio of 3.42 and a beta of 0.33.

AMN Healthcare Services (NYSE:AMN – Get Rating) last released its earnings results on Thursday, May 4th. The company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.13. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. AMN Healthcare Services had a return on equity of 45.31% and a net margin of 7.93%. The company’s revenue for the quarter was down 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.49 EPS. As a group, research analysts expect that AMN Healthcare Services will post 8.23 EPS for the current year.

Insider Transactions at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 1,458 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $88.78, for a total value of $129,441.24. Following the completion of the sale, the director now directly owns 8,073 shares of the company’s stock, valued at $716,720.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other AMN Healthcare Services news, Director Mark G. Foletta sold 6,042 shares of the company’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $84.35, for a total transaction of $509,642.70. Following the completion of the sale, the director now owns 8,073 shares in the company, valued at $680,957.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark G. Foletta sold 1,458 shares of AMN Healthcare Services stock in a transaction on Friday, April 21st. The shares were sold at an average price of $88.78, for a total value of $129,441.24. Following the completion of the transaction, the director now owns 8,073 shares in the company, valued at $716,720.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,015 shares of company stock valued at $1,132,393. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AMN Healthcare Services

A number of large investors have recently added to or reduced their stakes in AMN. Archer Investment Corp grew its position in AMN Healthcare Services by 20.0% during the 4th quarter. Archer Investment Corp now owns 600 shares of the company’s stock worth $62,000 after purchasing an additional 100 shares during the period. Xponance Inc. boosted its stake in shares of AMN Healthcare Services by 4.5% in the fourth quarter. Xponance Inc. now owns 2,778 shares of the company’s stock worth $286,000 after buying an additional 120 shares during the last quarter. Mission Wealth Management LP grew its holdings in AMN Healthcare Services by 1.2% during the first quarter. Mission Wealth Management LP now owns 10,430 shares of the company’s stock worth $865,000 after acquiring an additional 124 shares during the period. Van ECK Associates Corp raised its position in AMN Healthcare Services by 9.9% during the third quarter. Van ECK Associates Corp now owns 1,383 shares of the company’s stock valued at $147,000 after acquiring an additional 125 shares in the last quarter. Finally, Barclays PLC lifted its holdings in AMN Healthcare Services by 0.4% in the fourth quarter. Barclays PLC now owns 35,478 shares of the company’s stock valued at $3,647,000 after acquiring an additional 132 shares during the period. 96.94% of the stock is currently owned by institutional investors.

AMN Healthcare Services Company Profile

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AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. It operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.