Royal Bank of Canada Raises The Ensign Group (NASDAQ:ENSG) Price Target to $167.00

The Ensign Group (NASDAQ:ENSG) had its target price boosted by Royal Bank of Canada from $133.00 to $167.00 in a report released on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

ENSG has been the subject of several other reports. Truist Financial lifted their price objective on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Oppenheimer boosted their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Macquarie assumed coverage on shares of The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

The Ensign Group Stock Performance

Shares of ENSG opened at $149.98 on Monday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group has a 52-week low of $92.69 and a 52-week high of $154.93. The company has a 50-day simple moving average of $148.22 and a 200-day simple moving average of $133.16. The company has a market capitalization of $8.54 billion, a PE ratio of 39.47, a P/E/G ratio of 1.96 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.02. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities research analysts predict that The Ensign Group will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Monday, September 30th. The Ensign Group’s payout ratio is currently 6.32%.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other The Ensign Group news, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,118 shares of company stock worth $2,053,620. 3.90% of the stock is owned by corporate insiders.

Institutional Trading of The Ensign Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENSG. F M Investments LLC acquired a new stake in shares of The Ensign Group in the second quarter worth approximately $14,370,000. Wellington Management Group LLP boosted its holdings in shares of The Ensign Group by 36.3% in the 4th quarter. Wellington Management Group LLP now owns 403,033 shares of the company’s stock valued at $45,224,000 after purchasing an additional 107,317 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of The Ensign Group by 11.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock valued at $70,693,000 after buying an additional 59,933 shares during the period. Grandeur Peak Global Advisors LLC acquired a new stake in shares of The Ensign Group during the 1st quarter worth $5,167,000. Finally, Sei Investments Co. raised its position in shares of The Ensign Group by 15.7% in the 2nd quarter. Sei Investments Co. now owns 306,103 shares of the company’s stock worth $37,862,000 after buying an additional 41,429 shares during the period. 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.