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Bank Of America Raises Estimates For Team Health Holdings LLC

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In a report published Wednesday, Bank of America analyst Kevin Fischbeck reiterated a Buy rating and $66.00 price target on Team Health Holdings LLC (NYSE: TMH).

In the report, Bank of America noted, “TMH announced it acquired Florida Gulf-to-Bay Anesthesiology Associates, a physician practice with more than 50 anesthesiologists and 150 CRNAs and other clinicians. We estimate the deal would add about $75m of annual revenues (3%) and $0.08 (3% of 2015E EPS) to cash EPS. More importantly, this announcement follows four other smaller deals announced since June 2014. We note the company's 2014 guidance includes acquisitions (7% of top line growth). While our model does include some acquisitions, the string of the recent deals leads us to raise our 2015/16 EPS to $2.40/$2.55 from $2.36/$2.49.”

Team Health Holdings LLC closed on Tuesday at $59.37.

Latest Ratings for TMH

DateFirmActionFromTo
Dec 2016JefferiesDowngradesBuyHold
Nov 2016Wells FargoDowngradesOutperformMarket Perform
Oct 2016Leerink SwannDowngradesOutperformMarket Perform

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Posted-In: Bank of America Kevin FischbeckAnalyst Color Reiteration Analyst Ratings

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