Benchmark Co. analyst Bill Sutherland has maintained their neutral stance on AMN stock, giving a Hold rating today.
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Bill Sutherland has given his Hold rating due to a combination of factors surrounding AMN Healthcare Services. The company has shown signs of stabilization across most business units as the broader economic environment begins to normalize. However, while demand for travel nurses remains strong, the rates are still not competitive enough to fill all orders, which poses a challenge to sequential growth in the latter half of the year.
Despite AMN’s revenue exceeding guidance in the first quarter, largely due to unexpected labor disruption revenue, the company’s gross margin has declined. The guidance for the second quarter indicates a decrease in Nurse & Allied revenue and a slight increase in Physician/Leadership Solutions, with overall margins expected to remain under pressure. The outlook for the rest of the year suggests potential growth in certain areas like language services and interim leadership, but uncertainties remain, prompting a cautious approach with a Hold rating.
According to TipRanks, Sutherland is an analyst with an average return of -3.0% and a 39.02% success rate. Sutherland covers the Healthcare sector, focusing on stocks such as AMN Healthcare Services, Cross Country Healthcare, and Healthcare Services.