Todays Report: Today, U.S. Physical Therapy Inc. (USPH) Given New $60.00 Price Target at Jefferies Group

Today, U.S. Physical Therapy Inc. (USPH) Given New $60.00 Price Target at Jefferies Group

U.S. Physical Therapy Inc. (NYSE:USPH) had its price target dropped by investment analysts at Jefferies Group to $60.00 in a report released on Monday. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential downside of 4.76% from the stock’s current price.

Other equities research analysts have also recently issued reports about 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 target price for the company in a research report on Tuesday, August 9th. 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.

U.S. Physical Therapy (NYSE:USPH) traded up 0.64% during midday trading on Monday, reaching $63.00. 36,655 shares of the company’s stock traded hands. U.S. Physical Therapy has a 1-year low of $45.62 and a 1-year high of $64.89. The firm’s 50-day moving average is $60.38 and its 200-day moving average is $60.51. The company has a market capitalization of $788.82 million, a price-to-earnings ratio of 32.64 and a beta of 0.85.

U.S. Physical Therapy (NYSE:USPH) last issued its earnings results on Thursday, November 3rd. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. The business earned $88.30 million during the quarter, compared to analyst estimates of $33.94 million. U.S. Physical Therapy had a net margin of 6.84% and a return on equity of 11.54%. U.S. Physical Therapy’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. Analysts forecast that U.S. Physical Therapy will post $1.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, November 16th. U.S. Physical Therapy’s payout ratio is currently 35.05%.

In other U.S. Physical Therapy news, CFO Lawrance W. Mcafee sold 2,000 shares of U.S. Physical Therapy stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $64.00, for a total transaction of $128,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher J. Reading sold 8,000 shares of U.S. Physical Therapy stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $64.01, for a total transaction of $512,080.00. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its stake in shares of U.S. Physical Therapy by 115.3% in the third quarter. Sei Investments Co. now owns 1,701 shares of the company’s stock worth $106,000 after buying an additional 911 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of 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 worth $104,000 after buying an additional 209 shares in the last quarter. Acrospire Investment Management LLC raised its position in U.S. Physical Therapy by 28.0% in the third quarter. Acrospire Investment Management LLC now owns 1,830 shares of the company’s stock valued at $115,000 after buying an additional 400 shares during the last quarter. Mason Street Advisors LLC acquired a new position in U.S. Physical Therapy during the second quarter valued at approximately $147,000. Finally, Catalyst Capital Advisors LLC acquired a new position in U.S. Physical Therapy during the third quarter valued at approximately $154,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

U.S. Physical Therapy Company Profile

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