Team Health Holdings Hits New 12-Month High at $57.80 (TMH)
Team Health Holdings (NYSE:TMH) reached a new 52-week high on Thursday , Analyst Ratings News reports. The company traded as high as $57.80 and last traded at $57.00, with a volume of 203,162 shares. The stock had previously closed at $57.29.
TMH has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of Team Health Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $63.00 price target on the stock, up previously from $57.00. Separately, analysts at Deutsche Bank upgraded shares of Team Health Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $57.00 price target on the stock, down previously from $63.00. Finally, analysts at Zacks upgraded shares of Team Health Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $58.00 price target on the stock. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.00.
The stock has a 50-day moving average of $52.66 and a 200-day moving average of $48.16. The company has a market cap of $4.032 billion and a price-to-earnings ratio of 38.97.
Team Health Holdings (NYSE:TMH) last announced its earnings results on Tuesday, July 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, analysts predict that Team Health Holdings will post $2.30 earnings per share for the current fiscal year.
In other Team Health Holdings news, CFO David P. Jones sold 40,000 shares of Team Health Holdings stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $56.17, for a total transaction of $2,246,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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