Team Health Holdings Downgraded to “Hold” at Deutsche Bank (TMH)
Team Health Holdings (NYSE:TMH) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $53.00 target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 2.00% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on TMH. Analysts at RBC Capital raised their price target on shares of Team Health Holdings from $50.00 to $55.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Team Health Holdings in a research note on Wednesday, April 30th. They now have a $52.00 price target on the stock. Finally, analysts at Piper Jaffray raised their price target on shares of Team Health Holdings from $52.00 to $55.00 in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.43.
In other Team Health Holdings news, CEO Greg Roth unloaded 36,250 shares of Team Health Holdings stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $49.12, for a total transaction of $1,780,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Team Health Holdings (NYSE:TMH) traded up 0.02% on Friday, hitting $51.97. 264,619 shares of the company’s stock traded hands. Team Health Holdings has a 52-week low of $36.41 and a 52-week high of $52.00. The stock has a 50-day moving average of $48.36 and a 200-day moving average of $46.12. The company has a market cap of $3.650 billion and a price-to-earnings ratio of 39.69.
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. On average, analysts predict that Team Health Holdings will post $2.19 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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