Team Health Holdings Shares Gap Up Following Analyst Upgrade (TMH)
Team Health Holdings (NYSE:TMH) shares gapped up before the market opened on Wednesday after Stifel Nicolaus raised their price target on the stock from $60.00 to $66.00, StockRatingsNetwork.com reports. The stock had previously closed at $58.60, but opened at $58.88. Stifel Nicolaus currently has a buy rating on the stock. Team Health Holdings shares last traded at $59.53, with a volume of 249,422 shares changing hands.
Other equities research analysts have also recently issued reports about the stock. 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 research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $61.27.
The stock has a 50-day moving average of $55.23 and a 200-day moving average of $49.53. The company has a market cap of $4.215 billion and a price-to-earnings ratio of 40.05.
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.
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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