Select Medical Holdings Co. (NYSE:SEM) Receives Average Rating of “Moderate Buy” from Brokerages

Select Medical Holdings Co. (NYSE:SEM) has been assigned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $39.00.

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

Institutional Investors Weigh In On Select Medical

Institutional investors have recently modified their holdings of the stock. Hexagon Capital Partners LLC raised its holdings in shares of Select Medical by 528.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 767 shares of the health services provider’s stock valued at $27,000 after purchasing an additional 645 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Select Medical in the second quarter worth about $35,000. Canada Pension Plan Investment Board bought a new stake in shares of Select Medical during the 2nd quarter worth about $39,000. Fidelis Capital Partners LLC acquired a new position in shares of Select Medical during the 1st quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Select Medical in the 2nd quarter valued at approximately $60,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Trading Down 0.2 %

NYSE:SEM opened at $34.23 on Friday. Select Medical has a 12-month low of $21.28 and a 12-month high of $40.50. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $34.37 and a 200 day simple moving average of $33.73. The firm has a market capitalization of $4.45 billion, a P/E ratio of 16.30, a P/E/G ratio of 2.09 and a beta of 1.41.

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

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a $0.125 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.46%. Select Medical’s dividend payout ratio is 23.81%.

Select Medical Company Profile

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.