Select Medical (NYSE:SEM) Upgraded at StockNews.com

StockNews.com upgraded shares of Select Medical (NYSE:SEM) from a hold rating to a buy rating in a research note published on Wednesday.

A number of other research analysts have also recently weighed in on the company. Bank of America began coverage on Select Medical in a report on Tuesday, August 20th. They issued a “buy” rating and a $42.00 target price on the stock. Benchmark reissued a “buy” rating and set a $48.00 target price on shares of Select Medical in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on shares of Select Medical from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.75.

Select Medical Trading Up 0.6 %

Shares of SEM opened at $37.45 on Wednesday. Select Medical has a 1-year low of $22.26 and a 1-year high of $40.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $34.74 and a 200-day simple moving average of $34.66. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.42.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, October 31st. The health services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Equities analysts forecast that Select Medical will post 2.16 EPS for the current fiscal year.

Select Medical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.34%. Select Medical’s dividend payout ratio is presently 23.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its position in Select Medical by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,442,321 shares of the health services provider’s stock worth $85,180,000 after acquiring an additional 46,880 shares during the last quarter. Barclays PLC lifted its holdings in Select Medical by 396.0% during the 3rd quarter. Barclays PLC now owns 192,357 shares of the health services provider’s stock worth $6,707,000 after buying an additional 153,576 shares in the last quarter. XTX Topco Ltd acquired a new stake in Select Medical during the 3rd quarter worth $580,000. Jane Street Group LLC raised its holdings in Select Medical by 14.2% in the third quarter. Jane Street Group LLC now owns 127,504 shares of the health services provider’s stock worth $4,446,000 after purchasing an additional 15,827 shares during the period. Finally, Quarry LP bought a new position in shares of Select Medical during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

About Select Medical

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.