Published On: Wed, Sep 14th, 2016

Recent Research Analysts’ Ratings Updates for Team Health Holdings (TMH)

A number of firms have modified their ratings and price targets on shares of Team Health Holdings (NYSE: TMH) recently:

9/9/2016 – Team Health Holdings had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $43.00 price target on the stock, down previously from $48.00.
9/7/2016 – Team Health Holdings was given a new $47.00 price target on by analysts at Jefferies Group. They now have a “buy” rating on the stock.
9/7/2016 – Team Health Holdings had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $52.00 price target on the stock.
8/26/2016 – Team Health Holdings had its “outperform” rating reaffirmed by analysts at Leerink Swann. They now have a $40.00 price target on the stock, down previously from $56.00.
8/17/2016 – Team Health Holdings had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $2.80 price target on the stock.
8/11/2016 – Team Health Holdings was upgraded by analysts at Jefferies Group from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock, down previously from $49.00. They wrote, “Q: How did the results compare vs expectations? A: KNOP reported adjusted EBITDA of $34.1mm, above the UBSe of $33.8mm and the Street mean of $33.0mm. Stronger than expected revenues more than offset higher than expected vessel opex. Lower than expected G&A also contributed to the beat. Q: What were the most noteworthy areas in the results? A: KNOP amended its credit facility and increased available liquidity. Now that share repurchases are no longer as attractive we believe KNOP is preparing for a drop down. Q: Has the company’s outlook/guidance changed? A: The Raquel Knutsen remains available for dropdown. With UBSe projected EBITDA of $13.0mm at a 9.5x multiple we would expect a drop price of ~$124mm. The vessel is geared with $80mm in debt which implies $44mm in cash needed. KNOP had $55.7mm of available liquidity as of June 30, 2016. Q: How would we expect investors to react? A: We expect a marginally positive reaction to the narrow beat and intact outlook. We do not believe investors anticipated a dropdown announcement with this release.””
8/5/2016 – Team Health Holdings had its price target lowered by analysts at Mizuho from $47.00 to $38.00. They now have a “neutral” rating on the stock.
8/5/2016 – Team Health Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Team Health Holdings, L.L.C. is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. TeamHealth operates in two segments: Healthcare Services and Billing Services. The Healthcare Services segment, which comprises healthcare staffing, clinics and occupational health, provides healthcare service programs to users and providers of healthcare services on a fee for service, as well as a cost plus basis. The Billing Services segment provides a range of external billing, collection and consulting services on a fee basis to outside third-party customers. “
8/5/2016 – Team Health Holdings had its price target lowered by analysts at JPMorgan Chase & Co. from $47.00 to $45.00. They now have a “neutral” rating on the stock.
8/4/2016 – Team Health Holdings had its price target lowered by analysts at Barclays PLC from $51.00 to $46.00. They now have an “overweight” rating on the stock.
8/4/2016 – Team Health Holdings had its price target lowered by analysts at SunTrust Banks Inc. from $54.00 to $50.00. They now have a “buy” rating on the stock.
8/3/2016 – Team Health Holdings had its “buy” rating reaffirmed by analysts at Leerink Swann.
7/19/2016 – Team Health Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Team Health Holdings, L.L.C. is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. TeamHealth operates in two segments: Healthcare Services and Billing Services. The Healthcare Services segment, which comprises healthcare staffing, clinics and occupational health, provides healthcare service programs to users and providers of healthcare services on a fee for service, as well as a cost plus basis. The Billing Services segment provides a range of external billing, collection and consulting services on a fee basis to outside third-party customers. “

Shares of Team Health Holdings Inc. (NYSE:TMH) opened at 33.23 on Wednesday. The company’s 50 day moving average is $36.08 and its 200-day moving average is $41.49. Team Health Holdings Inc. has a 12 month low of $33.11 and a 12 month high of $63.56. The firm has a market cap of $2.46 billion, a PE ratio of 55.02 and a beta of 1.22.

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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, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Team Health Holdings had a net margin of 0.74% and a return on equity of 29.71%. The business earned $1.12 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. Team Health Holdings’s revenue was up 27.9% compared to the same quarter last year. Equities research analysts predict that Team Health Holdings Inc. will post $2.68 EPS for the current year.
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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