Brokerages Set Select Medical Holdings Co. (NYSE:SEM) PT at $39.00

Shares of Select Medical Holdings Co. (NYSE:SEM) have been given a consensus rating of “Moderate Buy” by the four research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $39.00.

Several research analysts have recently weighed in on SEM shares. Benchmark reissued a “buy” rating and issued a $48.00 target price on shares of Select Medical in a research report on Friday, September 6th. Bank of America initiated coverage on shares of Select Medical in a research report on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective on the stock.

Institutional Investors Weigh In On Select Medical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC increased its stake in shares of Select Medical by 528.7% in the second quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock worth $27,000 after acquiring an additional 645 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Select Medical in the second quarter valued at about $35,000. Canada Pension Plan Investment Board acquired a new position in Select Medical in the 2nd quarter worth about $39,000. Fidelis Capital Partners LLC purchased a new stake in shares of Select Medical during the 1st quarter worth about $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Select Medical during the 2nd quarter valued at about $60,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Trading Down 0.6 %

Select Medical stock opened at $32.54 on Friday. Select Medical has a 1 year low of $21.28 and a 1 year high of $40.50. The firm’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $33.79. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.41. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.09 and a current ratio of 1.09.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a return on equity of 17.50% and a net margin of 3.91%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, research analysts predict that Select Medical will post 2.03 EPS for the current fiscal year.

Select Medical Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Wednesday, August 14th. Select Medical’s payout ratio is presently 23.92%.

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.