Share on StockTwits

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.

The Fly On The Wall

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.