JP Morgan Maintains TeamHealth Holdings Inc to Neutral with Price Target $45.00

Brokerage firm JP Morgan Maintains its rating on TeamHealth Holdings Inc(NYSE:TMH). In a research note issued to the investors, the brokerage major Lowers the price-target to $45.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, Barclays said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $51.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, SunTrust Robinson Humphrey said it Maintains its rating on TeamHealth Holdings Inc. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm.

TeamHealth Holdings Inc (TMH) shares turned negative on Wednesdays trading session with the shares closing down -0.74 points or -2.10% at a volume of 10,86,696. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $35.24. The peak price level was also seen at $35.24 while the days lowest was $33.79. Finally the shares closed at $34.5. The 52-week high of the shares is $65 while the 52-week low is $33.15. According to the latest information available, the market cap of the company is $2,558 M.

TeamHealth Holdings Inc(TMH) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.12B. Analysts had an estimated revenue of $1.17B. Earnings per share were $0.66. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Aug 14, 2015, David P. Jones (Executive VP and CFO) sold 42,000 shares at $63.14 per share price.Also, On Aug 10, 2015, Kenneth H Paulus (director) purchased 1,000 shares at $63.84 per share price.On Jun 24, 2015, H. Lynn Massingale (Executive Chairman) sold 3,044 shares at $62.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Team Health Holdings Inc. (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The Company provides services through two operating segments: Healthcare Staffing and Other Services. The Healthcare Staffing segment is an aggregation of emergency medicine anesthesia specialty surgery and locums staffing. The Company provides healthcare service programs to users and providers of healthcare services on a fee for service as well as a cost plus or contract basis. The Other Services segment is an aggregation of hospital medicine military and Government healthcare staffing scribes clinical services nurse call center operations. The Company’s Other Services segment also offers billing collection and consulting services which provide a range of other healthcare services. The Company provides outsourced services to hospital emergency departments (EDs).

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