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Investment analysts at Piper Jaffray upped their target price on shares of Team Health Holdings (NYSE:TMH) from $52.00 to $55.00 in a note issued to investors on Wednesday, Stock Ratings reports. The firm currently has an “overweight” rating on the stock. Piper Jaffray’s price objective would indicate a potential upside of 16.30% from the stock’s previous close.

Separately, analysts at UBS AG initiated coverage on shares of Team Health Holdings in a research note on Tuesday, March 11th. They set a “buy” rating and a $54.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Team Health Holdings currently has a consensus rating of “Buy” and a consensus price target of $50.78.

Shares of Team Health Holdings (NYSE:TMH) traded up 2.52% during mid-day trading on Wednesday, hitting $48.48. 752,870 shares of the company’s stock traded hands. Team Health Holdings has a 52-week low of $35.30 and a 52-week high of $48.83. The stock’s 50-day moving average is $45.33 and its 200-day moving average is $45.17. The company has a market cap of $3.396 billion and a price-to-earnings ratio of 38.14.

Team Health Holdings (NYSE:TMH) last announced its earnings results on Tuesday, April 29th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.04. The company had revenue of $641.65 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that Team Health Holdings will post $2.16 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.

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