Stifel Nicolaus Raises Team Health Holdings Price Target to $66.00 (TMH)
Research analysts at Stifel Nicolaus lifted their price target on shares of Team Health Holdings (NYSE:TMH) from $60.00 to $66.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 12.09% from the stock’s previous close.
Team Health Holdings (NYSE:TMH) opened at 58.88 on Wednesday. Team Health Holdings has a 52-week low of $36.41 and a 52-week high of $58.98. The stock’s 50-day moving average is $55.23 and its 200-day moving average is $49.53. The company has a market cap of $4.160 billion and a P/E ratio of 39.81.
Team Health Holdings (NYSE:TMH) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.61 EPS 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. Analysts expect that Team Health Holdings will post $2.30 EPS for the current fiscal year.
TMH has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of Team Health Holdings from $55.00 to $64.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Team Health Holdings has an average rating of “Buy” and an average price target of $61.27.
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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