Susquehanna Increases Select Medical Holdings Corporation Price Target to $15.00 (SEM)
Stock analysts at Susquehanna increased their price target on shares of Select Medical Holdings Corporation (NYSE:SEM) from $9.00 to $15.00 in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price points to a potential upside of 35.26% from the company’s current price.
Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $722.80 million for the quarter, compared to the consensus estimate of $723.10 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.
In other Select Medical Holdings Corporation news, Chairman Robert Ortenzio sold 1,564,345 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $11.20, for a total value of $17,520,664.00. Following the transaction, the chairman now directly owns 7,575,367 shares in the company, valued at approximately $84,844,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Select Medical Holdings Corporation from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $11.40 price target on the stock. Separately, analysts at Standpoint Research downgraded shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Select Medical Holdings Corporation presently has a consensus rating of “Hold” and a consensus target price of $11.10.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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