Select Medical (NYSE:SEM) Price Target Raised to $47.00

Select Medical (NYSE:SEM) had its target price boosted by Royal Bank of Canada from $40.00 to $47.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the health services provider’s stock.

A number of other research analysts have also recently weighed in on SEM. Bank of America assumed coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $48.00 target price on shares of Select Medical in a research note on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.75.

Select Medical Trading Up 0.4 %

NYSE SEM traded up $0.16 on Monday, reaching $36.67. The stock had a trading volume of 7,231 shares, compared to its average volume of 601,180. The stock has a fifty day moving average price of $34.27 and a two-hundred day moving average price of $34.14. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.06, a P/E/G ratio of 2.09 and a beta of 1.42. 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 12-month low of $21.28 and a 12-month high of $40.50.

Select Medical (NYSE:SEM) last announced its earnings results on Thursday, October 31st. The health services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Select Medical will post 2.15 EPS for the current fiscal year.

Select Medical Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th will be issued 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 1.36%. Select Medical’s dividend payout ratio is currently 23.36%.

Hedge Funds Weigh In On Select Medical

A number of institutional investors have recently added to or reduced their stakes in SEM. Tidal Investments LLC acquired a new stake in shares of Select Medical in the first quarter valued at approximately $467,000. UniSuper Management Pty Ltd acquired a new stake in shares of Select Medical in the first quarter valued at approximately $730,000. First Eagle Investment Management LLC increased its stake in shares of Select Medical by 14.8% in the first quarter. First Eagle Investment Management LLC now owns 275,559 shares of the health services provider’s stock valued at $8,308,000 after purchasing an additional 35,512 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Select Medical in the second quarter valued at approximately $14,819,000. Finally, Comerica Bank increased its stake in shares of Select Medical by 30.0% in the first quarter. Comerica Bank now owns 68,485 shares of the health services provider’s stock valued at $2,065,000 after purchasing an additional 15,824 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

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.