Team Health Holdings Inc. (TMH) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Team Health Holdings Inc. (NYSE:TMH) have received an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $45.13.
Several research firms have weighed in on TMH. Canaccord Genuity restated a “buy” rating and set a $52.00 target price on shares of Team Health Holdings in a report on Wednesday, September 7th. Stifel Nicolaus restated a “buy” rating and set a $43.00 target price (down from $48.00) on shares of Team Health Holdings in a report on Friday, September 9th. Mizuho cut their target price on Team Health Holdings from $47.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, August 5th. Citigroup Inc. began coverage on Team Health Holdings in a report on Monday, September 26th. They set a “neutral” rating and a $36.00 target price on the stock. Finally, Leerink Swann lowered Team Health Holdings from an “outperform” rating to a “market perform” rating and raised their target price for the company from $40.00 to $43.00 in a report on Wednesday, October 26th.
Team Health Holdings (NYSE:TMH) opened at 42.75 on Tuesday. The company has a 50-day moving average price of $40.67 and a 200-day moving average price of $39.93. Team Health Holdings has a one year low of $30.83 and a one year high of $57.36. The stock has a market cap of $3.18 billion, a P/E ratio of 158.33 and a beta of 0.78.
Several hedge funds and other institutional investors have recently bought and sold shares of TMH. FMR LLC boosted its position in Team Health Holdings by 5.3% in the second quarter. FMR LLC now owns 9,360,287 shares of the company’s stock worth $380,682,000 after buying an additional 470,691 shares during the period. Wells Fargo & Company MN boosted its position in Team Health Holdings by 64.5% in the third quarter. Wells Fargo & Company MN now owns 1,151,722 shares of the company’s stock worth $37,500,000 after buying an additional 451,586 shares during the period. Stonerise Capital Management LLC purchased a new position in Team Health Holdings during the third quarter worth about $11,722,000. AMI Asset Management Corp boosted its position in Team Health Holdings by 677.9% in the second quarter. AMI Asset Management Corp now owns 335,300 shares of the company’s stock worth $13,637,000 after buying an additional 292,195 shares during the period. Finally, Goldentree Asset Management LP boosted its position in Team Health Holdings by 51.2% in the third quarter. Goldentree Asset Management LP now owns 729,944 shares of the company’s stock worth $23,767,000 after buying an additional 247,196 shares during the period.
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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.
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