Trading Report: The Team Health Holdings Inc. (TMH) Stock Rating Reaffirmed by Leerink Swann

The Team Health Holdings Inc. (TMH) Stock Rating Reaffirmed by Leerink Swann

Team Health Holdings Inc. (NYSE:TMH)‘s stock had its “buy” rating reissued by investment analysts at Leerink Swann in a report issued on Wednesday.

Other equities analysts also recently issued research reports about the stock. Jefferies Group raised shares of Team Health Holdings from a “hold” rating to a “buy” rating and dropped their price target for the company from $49.00 to $47.00 in a research note on Thursday, August 11th. SunTrust Banks Inc. dropped their price target on shares of Team Health Holdings from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. JPMorgan Chase & Co. dropped their price target on shares of Team Health Holdings from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Canaccord Genuity reissued a “buy” rating and set a $2.80 target price on shares of Team Health Holdings in a research note on Wednesday, August 17th. Finally, Mizuho lowered their target price on shares of Team Health Holdings from $47.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $47.27.

Shares of Team Health Holdings (NYSE:TMH) traded up 2.893% during trading on Wednesday, reaching $39.305. 2,459,336 shares of the company were exchanged. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 65.075 and a beta of 1.18. The stock’s 50-day moving average is $33.57 and its 200-day moving average is $40.28. Team Health Holdings has a 52-week low of $30.83 and a 52-week high of $63.56.

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Team Health Holdings (NYSE:TMH) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. The firm earned $1.12 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.70 earnings per share. Equities research analysts predict that Team Health Holdings will post $2.68 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TMH. Norges Bank purchased a new position in Team Health Holdings during the fourth quarter valued at $38,408,000. Nisa Investment Advisors L.L.C. boosted its position in Team Health Holdings by 47.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 9,600 shares of the company’s stock valued at $401,000 after buying an additional 3,100 shares during the period. Teachers Advisors Inc. boosted its position in Team Health Holdings by 0.8% in the first quarter. Teachers Advisors Inc. now owns 377,024 shares of the company’s stock valued at $15,763,000 after buying an additional 2,853 shares during the period. BlackRock Group LTD boosted its position 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 during the period. Finally, NN Investment Partners Holdings N.V. purchased a new position in Team Health Holdings during the first quarter valued at $771,000.

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