Team Health Holdings Inc. (TMH) Receives Buy Rating from Jefferies Group
Team Health Holdings Inc. (NYSE:TMH)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a research note issued to investors on Wednesday. They currently have a $47.00 target price on the stock. Jefferies Group’s target price would suggest a potential upside of 23.04% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity restated a “buy” rating and issued a $52.00 target price on shares of Team Health Holdings in a research note on Wednesday, September 7th. Barclays PLC restated a “buy” rating on shares of Team Health Holdings in a research note on Sunday, July 10th. Leerink Swann restated a “buy” rating on shares of Team Health Holdings in a research note on Monday, July 4th. Bank of America Corp. restated a “buy” rating and issued a $52.00 target price on shares of Team Health Holdings in a research note on Tuesday, June 21st. Finally, SunTrust Banks Inc. dropped their price objective on shares of Team Health Holdings from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Team Health Holdings presently has a consensus rating of “Buy” and an average target price of $47.27.
Shares of Team Health Holdings (NYSE:TMH) traded up 4.90% during midday trading on Wednesday, reaching $40.07. The company’s stock had a trading volume of 3,534,865 shares. The company has a market capitalization of $2.97 billion, a P/E ratio of 66.34 and a beta of 1.18. Team Health Holdings has a 1-year low of $30.83 and a 1-year high of $63.56. The stock has a 50 day moving average of $33.57 and a 200-day moving average of $40.28.
Team Health Holdings (NYSE:TMH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Team Health Holdings had a net margin of 0.74% and a return on equity of 29.71%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. On average, equities research analysts anticipate that Team Health Holdings will post $2.68 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the company. Bellevue Group AG purchased a new stake in shares of Team Health Holdings during the first quarter valued at approximately $627,000. Bayesian Capital Management LP purchased a new stake in shares of Team Health Holdings during the first quarter valued at approximately $314,000. Sachem Head Capital Management LP purchased a new stake in shares of Team Health Holdings during the first quarter valued at approximately $133,792,000. Wellington Management Group LLP increased its stake in shares of Team Health Holdings by 11.8% in the first quarter. Wellington Management Group LLP now owns 7,157,446 shares of the company’s stock valued at $299,253,000 after buying an additional 755,537 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Team Health Holdings by 5.6% in the first quarter. Geode Capital Management LLC now owns 517,776 shares of the company’s stock valued at $21,648,000 after buying an additional 27,443 shares during the period.
Team Health Holdings Company Profile
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.
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