Select Medical Holdings Corporation Upgraded to Outperform by Robert W. Baird (SEM)
Select Medical Holdings Corporation (NYSE:SEM) was upgraded by investment analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $15.00 target price on the stock, up from their previous target price of $10.00. Robert W. Baird’s price objective points to a potential upside of 40.32% from the stock’s previous close.
Shares of Select Medical Holdings Corporation (NYSE:SEM) opened at 10.69 on Tuesday. Select Medical Holdings Corporation has a 52-week low of $7.21 and a 52-week high of $11.89. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $9.29. The company has a market cap of $1.492 billion and a P/E ratio of 12.04.
In other Select Medical Holdings Corporation news, major shareholder Carson Anderson & Stowe Welsh unloaded 4,594,133 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $10.94, for a total value of $50,259,815.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
A number of other firms have also recently commented on SEM. Analysts at Susquehanna upgraded shares of Select Medical Holdings Corporation from a “neutral” rating to a “positive” rating in a research note on Monday, January 13th. They now have a $15.00 price target on the stock, up previously from $9.00. Separately, analysts at Zacks upgraded shares of Select Medical Holdings Corporation from an “underperform” rating to a “neutral” rating in a research note on Monday, January 6th. They now have a $11.40 price target on the stock. Finally, analysts at Standpoint Research downgraded shares of Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Select Medical Holdings Corporation has an average rating of “Hold” and an average price target of $11.88.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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