Team Health Holdings Inc. (TMH) Receives New Coverage from Analysts at Citigroup Inc.
Citigroup Inc. assumed coverage on shares of Team Health Holdings Inc. (NYSE:TMH) in a research report report published on Monday morning. The brokerage issued a neutral rating and a $36.00 target price on the stock.
TMH has been the subject of several other reports. JPMorgan Chase & Co. reduced 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. Barclays PLC reduced their price objective on Team Health Holdings from $51.00 to $46.00 and set an overweight rating for the company in a report on Thursday, August 4th. Canaccord Genuity reaffirmed a buy rating and set a $52.00 price objective on shares of Team Health Holdings in a report on Wednesday, September 7th. Leerink Swann reaffirmed a buy rating on shares of Team Health Holdings in a report on Wednesday, August 3rd. Finally, Zacks Investment Research cut Team Health Holdings from a hold rating to a sell rating in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $47.27.
Shares of Team Health Holdings (NYSE:TMH) opened at 32.42 on Monday. Team Health Holdings has a 12-month low of $30.83 and a 12-month high of $63.56. The firm has a market cap of $2.40 billion, a P/E ratio of 53.68 and a beta of 1.22. The company’s 50 day moving average price is $33.74 and its 200-day moving average price is $40.48.
Team Health Holdings (NYSE:TMH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The business earned $1.12 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Team Health Holdings had a return on equity of 29.71% and a net margin of 0.74%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. On average, equities research analysts anticipate that Team Health Holdings will post $2.68 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Jana Partners LLC purchased a new stake in Team Health Holdings during the first quarter worth about $246,276,000. Pennant Capital Management LLC increased its stake in Team Health Holdings by 1.2% in the first quarter. Pennant Capital Management LLC now owns 2,940,943 shares of the company’s stock worth $122,961,000 after buying an additional 35,000 shares during the period. BlackRock Group LTD increased its stake in Team Health Holdings by 2.3% in the first quarter. BlackRock Group LTD now owns 80,806 shares of the company’s stock worth $3,378,000 after buying an additional 1,849 shares during the period. Geode Capital Management LLC increased its stake in Team Health Holdings by 5.6% in the first quarter. Geode Capital Management LLC now owns 517,776 shares of the company’s stock worth $21,648,000 after buying an additional 27,443 shares during the period. Finally, GW&K Investment Management LLC increased its stake in Team Health Holdings by 1.0% in the second quarter. GW&K Investment Management LLC now owns 876,479 shares of the company’s stock worth $35,646,000 after buying an additional 8,842 shares during the period.
About Team Health Holdings
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.
Receive News & Ratings for Team Health Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Health Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.