Team Health Holdings Inc. (NYSE:TMH) reached a new 52-week low on Wednesday . The company traded as low as $33.13 and last traded at $33.40, with a volume of 151,484 shares. The stock had previously closed at $33.75.

A number of equities research analysts have recently weighed in on the company. Jefferies Group upgraded Team Health Holdings from a “hold” rating to a “buy” rating and dropped their target price for the stock from $49.00 to $47.00 in a research report on Thursday, August 11th. Leerink Swann reiterated a “buy” rating on shares of Team Health Holdings in a report on Wednesday, August 3rd. SunTrust Banks Inc. dropped their price objective on Team Health Holdings from $54.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 4th. JPMorgan Chase & Co. dropped their price objective on Team Health Holdings from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $2.80 price objective on shares of Team Health Holdings in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.92.

The stock has a market capitalization of $2.47 billion and a P/E ratio of 55.257. The firm has a 50-day moving average of $38.45 and a 200-day moving average of $41.74.

Team Health Holdings (NYSE:TMH) last announced its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. During the same period in the prior year, the business earned $0.70 earnings per share. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.17 billion. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. Equities analysts anticipate that Team Health Holdings Inc. will post $2.68 EPS for the current fiscal year.

An institutional investor recently raised its position in Team Health Holdings stock. Employees Retirement System of Texas increased its stake in Team Health Holdings Inc. (NYSE:TMH) by 37.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,000 shares of the company’s stock after buying an additional 14,000 shares during the period. Employees Retirement System of Texas owned 0.07% of Team Health Holdings worth $2,238,000 at the end of the most recent quarter.

Team Health Holdings, Inc (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The Company operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis.

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