Team Health Holdings PT Raised to $52.00 at Deutsche Bank (TMH)
Stock analysts at Deutsche Bank lifted their target price on shares of Team Health Holdings (NYSE:TMH) from $46.00 to $52.00 in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 30.00% from the company’s current price.
TMH has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Team Health Holdings from $39.00 to $43.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Analysts at Stifel Nicolaus cut their price target on shares of Team Health Holdings from $46.00 to $43.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Team Health Holdings presently has an average rating of “Buy” and an average target price of $43.70.
In other Team Health Holdings news, CFO David Jones unloaded 35,553 shares of the company’s stock on the open market in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $40.25, for a total value of $1,431,008.25. Following the completion of the transaction, the chief financial officer now directly owns 52,876 shares in the company, valued at approximately $2,128,259. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Team Health Holdings (NYSE:TMH) traded up 0.30% during mid-day trading on Wednesday, hitting $40.00. 489,471 shares of the company’s stock traded hands. Team Health Holdings has a one year low of $24.09 and a one year high of $42.42. The stock’s 50-day moving average is $38.66 and its 200-day moving average is $38.8. The company has a market cap of $2.784 billion and a P/E ratio of 38.76.
Team Health Holdings (NYSE:TMH) last announced its earnings results on Tuesday, July 30th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.01. The company had revenue of $579.70 million for the quarter, compared to the consensus estimate of $585.91 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts expect that Team Health Holdings will post $1.80 EPS for the current fiscal year.
Team Health Holdings, Inc is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, based upon revenues, patient visits, and number of clients.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.