Select Medical Holdings Reaches New 12-Month High at $16.00 (SEM)
Select Medical Holdings (NYSE:SEM) hit a new 52-week high during trading on Tuesday , Analyst Ratings Net reports. The stock traded as high as $16.00 and last traded at $15.97, with a volume of 138,583 shares. The stock had previously closed at $15.75.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Select Medical Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $17.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Select Medical Holdings from $15.00 to $16.00 in a research note on Monday, May 5th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.50.
The stock’s 50-day moving average is $15.49 and its 200-day moving average is $13.29. The company has a market cap of $2.100 billion and a P/E ratio of 19.44. Select Medical Holdings also saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,320,269 shares, an increase of 67.9% from the June 30th total of 1,381,761 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 736,472 shares, the short-interest ratio is currently 3.2 days.
Select Medical Holdings (NYSE:SEM) last announced its earnings results on Thursday, May 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $762.60 million for the quarter, compared to the consensus estimate of $760.50 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Select Medical Holdings will post $0.93 earnings per share for the current fiscal year.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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