Analysts Set Select Medical Holdings Co. (NYSE:SEM) PT at $27.25

Shares of Select Medical Holdings Co. (NYSE:SEM) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $26.80.

Several equities research analysts recently weighed in on SEM shares. StockNews.com upgraded shares of Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Benchmark upgraded Select Medical from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, February 24th. Mizuho assumed coverage on Select Medical in a research report on Wednesday, April 16th. They set an “outperform” rating and a $25.00 price objective for the company. UBS Group lowered their price objective on Select Medical from $40.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Finally, Royal Bank of Canada cut their target price on Select Medical from $47.00 to $23.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SEM. Smartleaf Asset Management LLC raised its stake in shares of Select Medical by 179.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,296 shares of the health services provider’s stock valued at $43,000 after purchasing an additional 1,473 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Select Medical during the 3rd quarter valued at about $81,000. Covestor Ltd lifted its stake in shares of Select Medical by 33.5% in the 4th quarter. Covestor Ltd now owns 4,955 shares of the health services provider’s stock worth $93,000 after acquiring an additional 1,244 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Select Medical by 217.4% in the first quarter. GAMMA Investing LLC now owns 6,501 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 4,453 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Select Medical by 47.8% during the fourth quarter. Lazard Asset Management LLC now owns 6,974 shares of the health services provider’s stock valued at $130,000 after acquiring an additional 2,255 shares during the period. Institutional investors and hedge funds own 89.48% of the company’s stock.

Select Medical Price Performance

Shares of SEM opened at $16.35 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.64 and a beta of 1.38. Select Medical has a 52 week low of $14.99 and a 52 week high of $40.98. The stock has a 50 day moving average of $17.27 and a 200-day moving average of $22.83.

Select Medical (NYSE:SEM) last released its quarterly earnings data on Thursday, February 20th. The health services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.50 billion. Select Medical had a return on equity of 14.04% and a net margin of 3.23%. As a group, analysts forecast that Select Medical will post 1.17 EPS for the current year.

Select Medical Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Monday, March 3rd. Select Medical’s dividend payout ratio is currently 15.15%.

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.