The Ensign Group (NASDAQ:ENSG) Price Target Raised to $172.00

The Ensign Group (NASDAQ:ENSG) had its price target lifted by Royal Bank of Canada from $167.00 to $172.00 in a report released on Monday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Truist Financial increased their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday. Oppenheimer increased their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Stephens lifted their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday. 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 Ensign Group has an average rating of “Moderate Buy” and an average price target of $162.20.

The Ensign Group Trading Down 0.7 %

Shares of NASDAQ:ENSG opened at $154.99 on Monday. The Ensign Group has a 52-week low of $94.74 and a 52-week high of $158.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $8.88 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. The company has a 50-day simple moving average of $149.29 and a 200 day simple moving average of $134.35.

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

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.15%. The Ensign Group’s dividend payout ratio (DPR) is 5.81%.

Insiders Place Their Bets

In other news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction on Friday, October 25th. The stock was sold at an average price of $155.00, for a total value of $310,000.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $8,325,980. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 16,118 shares of company stock worth $2,363,620 over the last three months. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

A number of institutional investors have recently added to or reduced their stakes in ENSG. F M Investments LLC bought a new position in shares of The Ensign Group in the 2nd quarter valued at $14,370,000. Bank of New York Mellon Corp raised its position in The Ensign Group by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock valued at $70,693,000 after purchasing an additional 59,933 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in shares of The Ensign Group during the first quarter valued at about $5,167,000. Sei Investments Co. grew its holdings in shares of The Ensign Group by 15.7% during the second quarter. Sei Investments Co. now owns 306,103 shares of the company’s stock worth $37,862,000 after purchasing an additional 41,429 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of The Ensign Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock worth $828,834,000 after purchasing an additional 39,695 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

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.