Shares of Team Health Holdings Inc. (NYSE:TMH) have received an average recommendation of “Buy” from the seventeen brokerages that are currently covering the firm. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $48.00.

A number of equities analysts have recently weighed in on TMH shares. Bank of America Corp. reissued a “buy” rating and issued a $52.00 price objective on shares of Team Health Holdings in a research report on Tuesday, June 21st. Leerink Swann reissued a “buy” rating on shares of Team Health Holdings in a research report on Monday, July 4th. Barclays PLC reissued a “buy” rating on shares of Team Health Holdings in a research report on Sunday, July 10th. Zacks Investment Research lowered shares of Team Health Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, SunTrust Banks Inc. lowered their target price on shares of Team Health Holdings from $54.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, August 4th.

Shares of Team Health Holdings (NYSE:TMH) opened at 33.10 on Tuesday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 54.80 and a beta of 1.22. Team Health Holdings has a 12-month low of $32.48 and a 12-month high of $63.56. The firm’s 50-day moving average is $36.08 and its 200-day moving average is $41.49.

Team Health Holdings (NYSE:TMH) last posted its quarterly earnings data 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. The business earned $1.12 billion during 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 was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. Equities research analysts forecast that Team Health Holdings will post $2.68 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jana Partners LLC purchased a new position in shares of Team Health Holdings during the first quarter valued at $246,276,000. Pennant Capital Management LLC boosted its stake in Team Health Holdings by 1.2% in the first quarter. Pennant Capital Management LLC now owns 2,940,943 shares of the company’s stock valued at $122,961,000 after buying an additional 35,000 shares in the last quarter. BlackRock Group LTD boosted its stake in Team Health Holdings by 2.3% in the first quarter. BlackRock Group LTD now owns 80,806 shares of the company’s stock valued at $3,378,000 after buying an additional 1,849 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Team Health Holdings during the first quarter valued at about $272,000.

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.

5 Day Chart for NYSE:TMH

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