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

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

Other equities research analysts also recently issued reports about the company. Bank of America assumed coverage on shares of Select Medical in a research report on Tuesday, August 20th. They set a "buy" rating and a $42.00 price target for the company. Benchmark reiterated a "buy" rating and set a $48.00 price target on shares of Select Medical in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their target price on Select Medical from $40.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Select Medical presently has a consensus rating of "Moderate Buy" and an average target price of $40.75.

Select Medical Stock Down 2.2 %

SEM traded down $0.85 during trading on Wednesday, hitting $38.21. 516,073 shares of the company's stock traded hands, compared to its average volume of 608,169. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.04 and a beta of 1.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. Select Medical has a 12-month low of $22.26 and a 12-month high of $40.98. The company's 50 day simple moving average is $34.69 and its two-hundred day simple moving average is $34.64.

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 the consensus estimate 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 analysts' expectations of $1.74 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that Select Medical will post 2.16 earnings per share for the current fiscal year.

Select Medical Announces Dividend

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

Institutional Trading of Select Medical

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Select Medical by 16.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,313 shares of the health services provider's stock worth $81,000 after purchasing an additional 330 shares during the period. Foster & Motley Inc. grew its stake in Select Medical by 3.1% during the second quarter. Foster & Motley Inc. now owns 12,147 shares of the health services provider's stock valued at $426,000 after acquiring an additional 370 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Select Medical by 6.6% in the 1st 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 last quarter. KBC Group NV lifted its stake in Select Medical by 4.5% in the 3rd quarter. KBC Group NV now owns 13,050 shares of the health services provider's stock worth $455,000 after purchasing an additional 563 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Select Medical by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 30,544 shares of the health services provider's stock valued at $1,071,000 after purchasing an additional 593 shares during the last quarter. 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.