Why Has Mizuho Given Team Health Holdings (NYSE:TMH) a $59 Price Target
In an interesting research report revealed to clients on Thursday morning, stock analysts at Mizuho began coverage for Team Health Holdings (NYSE:TMH) shares. The firm has decided to set a Neutral rating along with a $59, adding 6.58% to the target.
From a total of 16 analysts covering Team Health Holdings (NYSE:TMH) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $80 while the lowest target price is $63. The mean of all analyst targets is $70.63 with a 27.22% above today’s ($55.36) stock price. Team Health Holdings was the topic of 15 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs reinitiated shares on November 30 with “Neutral” rating. Zacks upgraded shares to “Buy” rating and $68 target share price in a report from a September 22. JP Morgan reinitiated TMH stock in a recent report from November 4 with “Overweight” rating. Canaccord Genuity initiated the rating on September 16. Canaccord Genuity has a “Buy” rating and a $74 price target on shares. Finally, Jefferies initiated the stock with “Buy” rating in a report issued on a September 25.
The stock decreased 2.64% or $1.5 during the last trading session, striking $55.36. Approximately shares of stock traded hands. TeamHealth Holdings Inc (NYSE:TMH) has declined 7.07% since April 30, 2015 and is downtrending. It has underperformed by 6.78% the S&P500.
Team Health Holdings, Inc. is a well-known provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The company has a market cap of $4.13 billion. The Firm provides services through two operating divisions: Healthcare Staffing and Other Services. It has 37.4 P/E ratio. The Healthcare Staffing segment is an aggregation of emergency medicine, anesthesia, specialty surgery and locums staffing.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on TeamHealth Holdings Inc (TMH).