StockNews.com Upgrades Select Medical (NYSE:SEM) to “Buy”

by · The Cerbat Gem

StockNews.com upgraded shares of Select Medical (NYSE:SEM – Free Report) from a hold rating to a buy rating in a report issued on Wednesday.

Other research analysts have also issued reports about the stock. Benchmark reiterated a “buy” rating and issued a $48.00 target price on shares of Select Medical in a research note on Friday, November 1st. Royal Bank of Canada raised their price target on shares of Select Medical from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Finally, Bank of America began coverage on shares of Select Medical in a research report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Select Medical currently has an average rating of “Moderate Buy” and an average price target of $40.75.

Check Out Our Latest Research Report on SEM

Select Medical Stock Performance

Shares of SEM opened at $38.21 on Wednesday. The company’s fifty day moving average is $34.69 and its 200-day moving average is $34.64. Select Medical has a 12 month low of $22.26 and a 12 month high of $40.98. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.37.

Select Medical (NYSE:SEM – Get Free Report) last posted its earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business posted $0.46 EPS. Select Medical’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that Select Medical will post 2.16 EPS for the current fiscal year.

Select Medical Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, November 13th. Select Medical’s payout ratio is 23.36%.

Hedge Funds Weigh In On Select Medical

Several institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Select Medical by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider’s stock valued at $81,000 after purchasing an additional 330 shares during the last quarter. Foster & Motley Inc. raised its stake in shares of Select Medical by 3.1% in the second quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider’s stock worth $426,000 after acquiring an additional 370 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Select Medical by 6.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock worth $198,000 after acquiring an additional 405 shares during the last quarter. KBC Group NV raised its stake in shares of Select Medical by 4.5% in the third quarter. KBC Group NV now owns 13,050 shares of the health services provider’s stock worth $455,000 after acquiring an additional 563 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Select Medical by 2.0% in the second quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider’s stock worth $1,071,000 after acquiring an additional 593 shares during the last quarter. 89.48% of the stock is owned by institutional investors.

About Select Medical

(Get Free Report)

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.

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