Team Health Holdings Sets New 52-Week High at $57.80 (TMH)
Team Health Holdings (NYSE:TMH) hit a new 52-week high on Wednesday , Analyst Ratings Network.com reports. The company traded as high as $57.80 and last traded at $57.27, with a volume of 282,785 shares traded. The stock had previously closed at $56.93.
A number of research firms have recently commented on TMH. 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 research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $61.00.
The stock has a 50-day moving average of $54.17 and a 200-day moving average of $49.06. The company has a market cap of $4.058 billion and a price-to-earnings ratio of 38.73.
Team Health Holdings (NYSE:TMH) last issued its quarterly 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. 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, CEO Greg Roth sold 23,600 shares of the company’s stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $56.70, for a total value of $1,338,120.00. The sale was disclosed in a legal filing 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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