Team Health Holdings Given Consensus Recommendation of “Buy” by Analysts (NYSE:TMH)
Team Health Holdings (NYSE:TMH) has been given an average rating of “Buy” by the thirteen analysts that are currently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $61.00.
Shares of Team Health Holdings (NYSE:TMH) traded up 0.10% during mid-day trading on Tuesday, hitting $58.58. The stock had a trading volume of 83,898 shares. Team Health Holdings has a 1-year low of $36.41 and a 1-year high of $58.73. The stock has a 50-day moving average of $54.81 and a 200-day moving average of $49.29. The company has a market cap of $4.138 billion and a price-to-earnings ratio of 39.81.
Team Health Holdings (NYSE:TMH) last released its earnings data 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. Analysts expect that Team Health Holdings will post $2.30 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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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