Bank Of America Raises Estimates For Team Health Holdings LLC
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
Date | Firm | Action | From | To |
---|---|---|---|---|
Dec 2016 | Jefferies | Downgrades | Buy | Hold |
Nov 2016 | Wells Fargo | Downgrades | Outperform | Market Perform |
Oct 2016 | Leerink Swann | Downgrades | Outperform | Market Perform |
View More Analyst Ratings for TMH
View the Latest Analyst Ratings
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Bank of America Kevin FischbeckAnalyst Color Reiteration Analyst Ratings