Zacks: Brokerages Set $65.00 Target Price for U.S. Physical Therapy Inc. (NYSE:USPH)
U.S. Physical Therapy Inc. (NYSE:USPH) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation. U.S. Physical Therapy’s rating score has declined by 50% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $65.00 for the company and are anticipating that the company will post $0.49 EPS for the current quarter, according to Zacks. Zacks has also given U.S. Physical Therapy an industry rank of 204 out of 265 based on the ratings given to related companies.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of U.S. Physical Therapy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, August 9th. Jefferies Group set a $65.00 price objective on shares of U.S. Physical Therapy and gave the stock a “hold” rating in a research report on Friday, August 5th. Finally, Barrington Research cut shares of U.S. Physical Therapy from an “outperform” rating to a “market perform” rating in a research report on Friday, August 5th.
In related news, CEO Christopher J. Reading sold 8,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $64.01, for a total value of $512,080.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Lawrance W. Mcafee sold 2,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its stake in U.S. Physical Therapy by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 1,733 shares of the company’s stock valued at $104,000 after buying an additional 209 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in shares of U.S. Physical Therapy during the second quarter valued at approximately $147,000. Huntington Asset Advisors Inc. acquired a new stake in shares of U.S. Physical Therapy during the first quarter valued at approximately $221,000. BNP Paribas Arbitrage SA boosted its stake in shares of U.S. Physical Therapy by 112.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,886 shares of the company’s stock valued at $234,000 after buying an additional 2,057 shares during the period. Finally, AHL Partners LLP acquired a new stake in shares of U.S. Physical Therapy during the second quarter valued at approximately $239,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of U.S. Physical Therapy (NYSE:USPH) traded down 2.62% during trading on Wednesday, reaching $61.98. The company had a trading volume of 93,743 shares. The company has a market cap of $775.99 million, a P/E ratio of 31.95 and a beta of 0.76. The firm has a 50-day moving average of $62.31 and a 200-day moving average of $56.88. U.S. Physical Therapy has a 12-month low of $42.59 and a 12-month high of $64.89.
U.S. Physical Therapy (NYSE:USPH) last posted its earnings results on Thursday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. U.S. Physical Therapy had a net margin of 6.95% and a return on equity of 12.06%. The company earned $90.40 million during the quarter, compared to analysts’ expectations of $90.01 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. U.S. Physical Therapy’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Physical Therapy will post $1.99 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a $0.17 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $0.68 annualized dividend and a yield of 1.07%. U.S. Physical Therapy’s dividend payout ratio is currently 34.87%.
About U.S. Physical Therapy
U.S. Physical Therapy, Inc, through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries.
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