Team Health Holdings Inc. (TMH) Receives Consensus Recommendation of “Buy” from Analysts
Team Health Holdings Inc. (NYSE:TMH) has earned a consensus rating of “Buy” from the eighteen brokerages that are presently covering the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $47.69.
TMH has been the topic of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price target on shares of Team Health Holdings in a report on Wednesday, September 7th. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 price target (down previously from $48.00) on shares of Team Health Holdings in a report on Friday, September 9th. Mizuho lowered their target price on Team Health Holdings from $47.00 to $38.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th. Citigroup Inc. began coverage on Team Health Holdings in a research note on Monday, September 26th. They issued a “neutral” rating and a $36.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Team Health Holdings from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, August 5th.
Shares of Team Health Holdings (NYSE:TMH) traded up 5.19% during midday trading on Tuesday, reaching $39.50. The company’s stock had a trading volume of 980,111 shares. Team Health Holdings has a 12 month low of $30.83 and a 12 month high of $63.56. The stock’s 50-day moving average is $34.67 and its 200 day moving average is $40.08. The stock has a market capitalization of $2.93 billion, a P/E ratio of 65.40 and a beta of 1.18.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/team-health-holdings-inc-tmh-receives-consensus-recommendation-of-buy-from-analysts.html
Team Health Holdings (NYSE:TMH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Team Health Holdings had a return on equity of 29.71% and a net margin of 0.74%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. Team Health Holdings’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, analysts expect that Team Health Holdings will post $2.68 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of TMH. Howe & Rusling Inc. boosted its position in Team Health Holdings by 31.1% in the second quarter. Howe & Rusling Inc. now owns 2,640 shares of the company’s stock valued at $107,000 after buying an additional 627 shares during the period. First Mercantile Trust Co. boosted its position in Team Health Holdings by 15.9% in the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the company’s stock valued at $124,000 after buying an additional 420 shares during the period. BNP Paribas Arbitrage SA boosted its position in Team Health Holdings by 711.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,206 shares of the company’s stock valued at $130,000 after buying an additional 2,811 shares during the period. Tower Research Capital LLC TRC boosted its position in Team Health Holdings by 155.7% in the second quarter. Tower Research Capital LLC TRC now owns 4,094 shares of the company’s stock valued at $167,000 after buying an additional 2,493 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in Team Health Holdings during the second quarter valued at approximately $199,000.
About Team Health Holdings
Team Health Holdings, Inc (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The Company operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis.
Receive News & Ratings for Team Health Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Health Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.