Oppenheimer Increases The Ensign Group (NASDAQ:ENSG) Price Target to $165.00

The Ensign Group (NASDAQ:ENSG) had its price objective upped by research analysts at Oppenheimer from $155.00 to $165.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 8.53% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Truist Financial increased their price target on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Macquarie started coverage on The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $139.50.

The Ensign Group Trading Down 1.1 %

NASDAQ:ENSG opened at $152.03 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 40.45, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The Ensign Group has a one year low of $90.00 and a one year high of $154.93. The business has a fifty day moving average price of $142.88 and a 200-day moving average price of $128.54.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.30 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The Ensign Group’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. Sell-side analysts forecast that The Ensign Group will post 4.99 EPS for the current year.

Insider Activity

In other news, CEO Barry Port sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the transaction, the chief operating officer now owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The disclosure for this sale can be found here. Insiders sold a total of 24,736 shares of company stock worth $3,491,039 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new position in The Ensign Group in the second quarter worth about $31,000. EntryPoint Capital LLC purchased a new position in shares of The Ensign Group during the first quarter valued at approximately $34,000. Scarborough Advisors LLC purchased a new position in shares of The Ensign Group during the fourth quarter valued at approximately $35,000. LRI Investments LLC purchased a new position in shares of The Ensign Group during the first quarter valued at approximately $45,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of The Ensign Group during the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.