AMN Healthcare Services (NYSE:AMN) Given New $46.00 Price Target at BMO Capital Markets

by · The Cerbat Gem

AMN Healthcare Services (NYSE:AMN – Get Free Report) had its price target reduced by BMO Capital Markets from $50.00 to $46.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 68.62% from the company’s previous close.

Several other analysts have also issued reports on the company. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $65.00 to $48.00 in a report on Monday, October 7th. JMP Securities dropped their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Finally, StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.60.

View Our Latest Analysis on AMN Healthcare Services

AMN Healthcare Services Stock Down 6.1 %

Shares of AMN stock traded down $1.77 during trading on Monday, reaching $27.28. The company’s stock had a trading volume of 858,195 shares, compared to its average volume of 814,976. AMN Healthcare Services has a one year low of $26.77 and a one year high of $80.22. The business has a fifty day moving average price of $42.13 and a 200-day moving average price of $50.96. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 10.54 and a beta of 0.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36.

AMN Healthcare Services (NYSE:AMN – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million for the quarter, compared to analysts’ expectations of $740.43 million. During the same period in the previous year, the firm posted $2.38 EPS. The company’s revenue for the quarter was down 25.3% on a year-over-year basis. Analysts anticipate that AMN Healthcare Services will post 3.15 earnings per share for the current year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

A number of institutional investors have recently made changes to their positions in AMN. Mather Group LLC. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $31,000. Nisa Investment Advisors LLC grew its stake in shares of AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after acquiring an additional 219 shares in the last quarter. GAMMA Investing LLC increased its position in AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after acquiring an additional 811 shares during the period. Innealta Capital LLC acquired a new stake in AMN Healthcare Services in the 2nd quarter worth about $65,000. Finally, Farther Finance Advisors LLC boosted its holdings in AMN Healthcare Services by 455.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after purchasing an additional 1,224 shares during the period. Institutional investors own 99.23% of the company’s stock.

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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