Team Health Holdings Inc. (TMH) Stock Rating Reaffirmed by Jefferies Group
Jefferies Group reiterated their buy rating on shares of Team Health Holdings Inc. (NYSE:TMH) in a research report sent to investors on Wednesday morning. They currently have a $47.00 price target on the stock.
Other equities analysts also recently issued reports about the company. Canaccord Genuity reaffirmed a buy rating and issued a $52.00 price objective on shares of Team Health Holdings in a research note on Wednesday, September 7th. Barclays PLC reaffirmed a buy rating on shares of Team Health Holdings in a research note on Sunday, July 10th. Leerink Swann reaffirmed a buy rating on shares of Team Health Holdings in a research note on Monday, July 4th. Bank of America Corp. reaffirmed a buy rating and issued a $52.00 price objective on shares of Team Health Holdings in a research note on Tuesday, June 21st. Finally, 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 research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Team Health Holdings currently has a consensus rating of Buy and a consensus price target of $47.27.
Shares of Team Health Holdings (NYSE:TMH) opened at 39.38 on Wednesday. The firm has a 50-day moving average price of $34.07 and a 200-day moving average price of $40.18. Team Health Holdings has a 52-week low of $30.83 and a 52-week high of $63.56. The stock has a market cap of $2.92 billion, a P/E ratio of 65.20 and a beta of 1.18.
Team Health Holdings (NYSE:TMH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The business earned $1.12 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. On average, analysts anticipate that Team Health Holdings will post $2.68 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Jana Partners LLC purchased a new position in shares of Team Health Holdings during the first quarter valued at $246,276,000. Sachem Head Capital Management LP purchased a new position in shares of Team Health Holdings during the first quarter valued at $133,792,000. Norges Bank purchased a new position in shares of Team Health Holdings during the fourth quarter valued at $38,408,000. Wellington Management Group LLP raised its position in shares of Team Health Holdings by 11.8% in the first quarter. Wellington Management Group LLP now owns 7,157,446 shares of the company’s stock valued at $299,253,000 after buying an additional 755,537 shares during the period. Finally, FMR LLC raised its position in shares of Team Health Holdings by 5.3% in the second quarter. FMR LLC now owns 9,360,287 shares of the company’s stock valued at $380,682,000 after buying an additional 470,691 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.
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