Team Health Holdings Receives “Buy” Rating from Citigroup Inc. (TMH)
Team Health Holdings (NYSE:TMH)‘s stock had its “buy” rating restated by investment analysts at Citigroup Inc. in a note issued to investors on Thursday. They currently have a $66.00 price objective on the stock, up from their previous price objective of $55.00. Citigroup Inc.’s price target would indicate a potential upside of 16.71% from the stock’s previous close.
TMH has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Team Health Holdings from $56.00 to $60.00 in a research note on Thursday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Team Health Holdings in a research note on Wednesday. They now have a $62.00 price target on the stock, up previously from $57.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Team Health Holdings in a research note on Wednesday. They now have a $57.00 price target on the stock, up previously from $53.00. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.10.
Team Health Holdings (NYSE:TMH) traded down 0.75% on Thursday, hitting $56.55. The stock had a trading volume of 1,108,878 shares. Team Health Holdings has a 52 week low of $36.41 and a 52 week high of $57.73. The stock has a 50-day moving average of $50.92 and a 200-day moving average of $47.51. The company has a market cap of $3.991 billion and a P/E ratio of 38.76.
Team Health Holdings (NYSE:TMH) last released its earnings data on Tuesday, July 29th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.08. The company had revenue of $675.10 million for the quarter, compared to the consensus estimate of $650.16 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts expect that Team Health Holdings will post $2.24 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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