RBC Capital Believes Select Medical (NYSE: SEM) Won’t Stop Here

By Ryan Adsit

RBC Capital analyst Frank Morgan reiterated a Buy rating on Select Medical (NYSE: SEM) on September 11 and set a price target of $19. The company’s shares opened today at $17.90, close to its 52-week high of $18.80.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 10.5% and a 59.2% success rate. Morgan covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Fresenius Medical Care Corp, and Quest Diagnostics Inc.

Select Medical has an analyst consensus of Moderate Buy, with a price target consensus of $18.

Based on Select Medical’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.12 billion and quarterly net profit of $40.71 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $32.96 million.

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Select Medical Holdings Corp. engages in the provision of medical rehabilitation services. It operates through the following segments: Specialty Hospitals, Outpatient Rehabilitation, and Concentra. The Specialty Hospitals segment involves in providing long term acute care hospital services and inpatient acute rehabilitative hospital care.