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

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Team Health Holdings from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating on shares of Team Health Holdings in a research note on Tuesday, May 10th. Barclays PLC lowered their price target on shares of Team Health Holdings from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 4th. Leerink Swann reiterated a “buy” rating on shares of Team Health Holdings in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research lowered shares of Team Health Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.92.

The stock has a market capitalization of $2.48 billion and a P/E ratio of 55.31. The company’s 50-day moving average is $37.91 and its 200 day moving average is $41.62.

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

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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