Team Health Holdings (TMH) Receives Price Target

Team Health Holdings (TMH) : 10 Wall Street analysts covering Team Health Holdings (TMH) believe that the average level the stock could reach for the short term is $45.3. The maximum price target given is $52 and the minimum target for short term is around $38, hence the standard deviation is calculated at $4.45.

Team Health Holdings (TMH) : The consensus on Team Health Holdings (TMH) based on 11 analyst recommendation on the company stock is 1.55, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity Analysts at the Brokerage Firm, Jefferies, upgrades their rating on the shares of Team Health Holdings (NYSE:TMH). Jefferies has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 11, 2016.

Team Health Holdings (NYSE:TMH): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.29 and $33.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.41, notching a gain of 0.33% for the day. The total traded volume was 704,827 . The stock had closed at $33.30 on the previous day.

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 Companys 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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