Team Health Holdings Inc. Reaches New 12-Month High at $43.66 (TMH)
Team Health Holdings (NYSE:TMH)’s share price reached a new 52-week high on Wednesday, AR Network reports. The company traded as high as $43.66 and last traded at $43.35, with a volume of 1,254,458 shares traded. The stock had previously closed at $41.22.
A number of research firms have recently commented on TMH. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Team Health Holdings in a research note to investors on Wednesday. They now have a $44.00 price target on the stock, up previously from $43.00. Separately, analysts at Deutsche Bank raised their price target on shares of Team Health Holdings from $46.00 to $52.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Finally, 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. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $43.80.
In other Team Health Holdings news, CEO Greg Roth sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $41.10, for a total value of $411,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Team Health Holdings has a 52-week low of $24.09 and a 52-week high of $42.42. The stock has a 50-day moving average of $38.76 and a 200-day moving average of $38.97. The company has a market cap of $3.023 billion and a P/E ratio of 40.06.
Team Health Holdings (NYSE:TMH) last issued its quarterly earnings data 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. On average, analysts predict that Team Health Holdings will post $1.79 earnings per share 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.
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