UBS Starts Select Medical Holdings (SEM) at Buy; Mid-Cap Grower

July 3, 2012 12:51 PM EDT Send to a Friend
Get Alerts SEM Hot Sheet
Price: $8.09 +0.75%

Rating Summary:
    0 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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UBS initiates coverage on Select Medical Holdings (NYSE: SEM) with a Buy. PT $12.50.

Analyst, A.J. Rice, said, "Over the last three years, SEM, which has $2.8 billion in annual revenue, has posted average annual revenue and EBITDA growth of 9.2% and 12.7%, respectively. Growth has been achieved by modest same store increases (typically 1-4%), de novo development, the forming of JVs with established hospital systems such as Baylor University Medical, and acquisitions...We believe SEM can improve its specialty hospital EBITDA margin from roughly 18% today to 20% over the next two years."

For an analyst ratings summary and ratings history on Select Medical Holdings click here. For more ratings news on Select Medical Holdings click here.

Shares of Select Medical Holdings closed at $10.43 yesterday, with a 52 week range of $5.48-$10.45.


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