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Jefferies Initiates AMN Healthcare Services(AMN.US) With Hold Rating, Announces Target Price $27

Futu News ·  Nov 13, 2024 21:36  · Ratings

Jefferies analyst Jack Slevin initiates coverage on $AMN Healthcare Services (AMN.US)$ with a hold rating, and sets the target price at $27.

According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of -6.3% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $AMN Healthcare Services (AMN.US)$'s main analysts recently are as follows:

  • While the third quarter showed robust results for AMN Healthcare, the fourth quarter guidance was less than favorable, especially considering a quarterly EBITDA in the low-to-mid $50 million range after adjusting for a strike benefit.

  • AMN Healthcare's recent quarterly performance surpassed expectations slightly, yet the forecast for Q4 revenue was above consensus, factoring in an unusually large strike benefit. Conversely, the guidance for margins did not meet expectations. Management has pointed to encouraging signs in long-term trends, even as short-term prospects continue to face challenges.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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