Stephens Boosts The Ensign Group (NASDAQ:ENSG) Price Target to $167.00

The Ensign Group (NASDAQ:ENSG) had its price objective lifted by stock analysts at Stephens from $163.00 to $167.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price objective indicates a potential upside of 6.43% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada upped their target price on The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Oppenheimer lifted their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial increased their target price on The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.20.

The Ensign Group Stock Performance

Shares of ENSG opened at $156.91 on Monday. The Ensign Group has a one year low of $94.56 and a one year high of $157.13. The company has a 50-day moving average of $149.07 and a two-hundred day moving average of $134.20. 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 stock has a market cap of $8.93 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.99 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $1.10 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts expect that The Ensign Group will post 4.99 earnings per share for the current year.

Insider Activity at The Ensign Group

In other news, CEO Barry Port sold 3,000 shares of the business’s 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 sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Barry Port sold 3,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were 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 directly owns 53,716 shares in the company, valued at $7,520,240. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now owns 29,125 shares in the company, valued at approximately $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,118 shares of company stock worth $2,363,620. 3.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Ensign Group

Several hedge funds have recently bought and sold shares of ENSG. Opal Wealth Advisors LLC bought a new stake in The Ensign Group in the 2nd quarter valued at $31,000. EntryPoint Capital LLC acquired a new stake in The Ensign Group in the 1st quarter worth about $34,000. Signaturefd LLC boosted its holdings in The Ensign Group by 115.2% in the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares during the period. USA Financial Formulas bought a new position in shares of The Ensign Group during the third quarter worth approximately $54,000. Finally, UMB Bank n.a. boosted its stake in shares of The Ensign Group by 30.1% in the third quarter. UMB Bank n.a. now owns 385 shares of the company’s stock valued at $55,000 after buying an additional 89 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

About The Ensign Group

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.