AMN Healthcare Services’ (AMN) Hold Rating Reiterated at Benchmark

Benchmark reaffirmed their hold rating on shares of AMN Healthcare Services (NYSE:AMN) in a research report report published on Wednesday morning, Benzinga reports.

Several other research analysts also recently weighed in on AMN. JMP Securities dropped their target price on shares of AMN Healthcare Services from $75.00 to $66.00 and set a market outperform rating on the stock in a research report on Tuesday, August 13th. BMO Capital Markets boosted their price objective on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the company an outperform rating in a research report on Monday, August 12th. UBS Group lowered their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a neutral rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of AMN Healthcare Services from a hold rating to a sell rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of Hold and a consensus target price of $67.83.

AMN Healthcare Services Stock Performance

AMN Healthcare Services stock opened at $38.32 on Wednesday. The firm’s 50 day simple moving average is $50.87 and its 200-day simple moving average is $54.64. The company has a market cap of $1.46 billion, a P/E ratio of 10.30 and a beta of 0.11. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.23 and a quick ratio of 1.23. AMN Healthcare Services has a fifty-two week low of $38.08 and a fifty-two week high of $87.68.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.22. The business had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm’s quarterly revenue was down 25.3% compared to the same quarter last year. During the same period last year, the firm posted $2.38 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services will post 3.26 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new stake in AMN Healthcare Services in the second quarter valued at approximately $31,000. Nisa Investment Advisors LLC lifted its stake in 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 during the last quarter. Quarry LP lifted its stake in AMN Healthcare Services by 64.8% in the fourth 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. Geneos Wealth Management Inc. acquired a new stake in AMN Healthcare Services in the first quarter valued at approximately $58,000. Finally, GAMMA Investing LLC lifted its stake in AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.