Team Health Holdings’s “Buy” Rating Reaffirmed at SunTrust (TMH)
Team Health Holdings (NYSE:TMH)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust in a note issued to investors on Thursday. They currently have a $66.00 price target on the stock, up from their previous price target of $58.00. SunTrust’s price target would suggest a potential upside of 16.71% from the company’s current price.
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 $50.76 and a 200-day moving average of $47.44. The company has a market cap of $3.991 billion and a price-to-earnings ratio of 38.76.
Team Health Holdings (NYSE:TMH) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. Team Health Holdings’s revenue was up 16.5% compared to the same quarter last year. On average, analysts predict that Team Health Holdings will post $2.24 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Team Health Holdings from $55.00 to $65.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Team Health Holdings in a research note on Thursday. They now have a $66.00 price target on the stock, up previously from $55.00. Finally, 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $60.10.
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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