In a report released today, Joseph France from Cantor Fitzgerald reiterated a Hold rating on US Physical Therapy (NYSE: USPH), with a price target of $103. The company’s shares opened today at $107, close to its 52-week high of $116.65.
France noted:
“We are raising our 2018-19 estimates to reflect better than expected 2Q18 results and improving outlook. We are also raising our price target to $103 from $90, but reiterating our Neutral rating, on the assumption that its valuation– up 94% since last September (versus 15% for S&P 500) — seems full. USPH is currently valued at 23.5x our 2019 EBITDA estimate, and 37x 2019 our adjusted EPS estimate. Nonetheless, management just increased its 2018 outlook, and USPH’s fundamentals are strong, in our opinion, with organic growth of 2%-4%, and acquisitions are adding another 7-8%. USPH shares are trading up 10% intraday.”
According to TipRanks.com, France is a 5-star analyst with an average return of 11.4% and a 60.5% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Envision Healthcare.
Currently, the analyst consensus on US Physical Therapy is a Hold with an average price target of $92.50.
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The company has a one-year high of $116.65 and a one-year low of $56.50. Currently, US Physical Therapy has an average volume of 45.79K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock.
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U.S. Physical Therapy, Inc. operates outpatient physical therapy clinics. It provides pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The company was founded in 1990 and is headquartered in Houston, TX.
