Truist Financial Increases The Ensign Group (NASDAQ:ENSG) Price Target to $170.00

The Ensign Group (NASDAQ:ENSG) had its target price upped by Truist Financial from $160.00 to $170.00 in a report released on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada upped their price objective on shares of The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Oppenheimer upped their price target on shares of 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, Stephens lifted their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and an average target price of $162.20.

The Ensign Group Price Performance

ENSG opened at $154.99 on Monday. The firm has a market capitalization of $8.88 billion, a P/E ratio of 37.53, a PEG ratio of 1.99 and a beta of 0.96. The stock has a fifty day moving average of $149.29 and a 200-day moving average of $134.35. 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 12-month low of $94.74 and a 12-month high of $158.22.

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

The Ensign Group Dividend Announcement

The firm 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. This represents a $0.24 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Monday, September 30th. The Ensign Group’s payout ratio is presently 5.81%.

Insider Buying and Selling

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now owns 29,125 shares of the company’s stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daren Shaw sold 2,000 shares of The Ensign Group 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 completion of the transaction, the director now owns 29,125 shares in the company, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,118 shares of company stock worth $2,363,620. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

A number of institutional investors have recently made changes to their positions in the business. F M Investments LLC acquired a new stake in The Ensign Group in the 2nd quarter valued at approximately $14,370,000. Bank of New York Mellon Corp boosted its position in shares of 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 acquiring an additional 59,933 shares during the period. Grandeur Peak Global Advisors LLC acquired a new stake in shares of The Ensign Group in the first quarter worth $5,167,000. Sei Investments Co. increased its position in 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 acquiring an additional 41,429 shares during the period. Finally, Vanguard Group Inc. raised its stake in The Ensign Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock valued at $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.

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.