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

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

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

Select Medical Price Performance

Shares of NYSE:SEM opened at $38.21 on Wednesday. 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 has a fifty-two week low of $22.26 and a fifty-two week high of $40.98. The firm has a 50-day simple moving average of $34.69 and a 200 day simple moving average of $34.64. The company has a market cap of $4.95 billion, a PE ratio of 17.86, a P/E/G ratio of 2.04 and a beta of 1.42.

Select Medical (NYSE:SEM) last announced its quarterly earnings data on Thursday, October 31st. The health services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.07. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. Select Medical had a net margin of 3.97% and a return on equity of 15.99%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, sell-side analysts anticipate that Select Medical will post 2.16 EPS for the current year.

Select Medical Dividend Announcement

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

Institutional Trading of Select Medical

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Select Medical by 6.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,563 shares of the health services provider’s stock valued at $198,000 after acquiring an additional 405 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Select Medical by 26.1% during the first quarter. BNP Paribas Financial Markets now owns 55,543 shares of the health services provider’s stock valued at $1,675,000 after acquiring an additional 11,507 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Select Medical during the first quarter valued at approximately $186,000. Swiss National Bank raised its holdings in shares of Select Medical by 1.0% during the first quarter. Swiss National Bank now owns 215,100 shares of the health services provider’s stock valued at $6,485,000 after acquiring an additional 2,100 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Select Medical by 150.8% during the first quarter. Russell Investments Group Ltd. now owns 92,160 shares of the health services provider’s stock valued at $2,779,000 after acquiring an additional 55,416 shares during the period. 89.48% of the stock is currently owned by institutional investors.

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.