The Ensign Group (NASDAQ:ENSG) Price Target Lowered to $155.00 at Truist Financial

The Ensign Group (NASDAQ:ENSG) had its target price decreased by Truist Financial from $170.00 to $155.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 16.98% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Stephens upped their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Royal Bank of Canada increased their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. UBS Group began coverage on The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 target price for the company. Finally, Oppenheimer boosted their price objective on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.83.

The Ensign Group Stock Down 0.3 %

Shares of NASDAQ:ENSG opened at $132.50 on Monday. The business’s 50 day moving average is $143.52 and its 200 day moving average is $142.40. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.90 and a beta of 0.93. The Ensign Group has a 12-month low of $110.71 and a 12-month high of $158.45. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company 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 17.21% and a net margin of 5.84%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS. On average, sell-side analysts forecast that The Ensign Group will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other The Ensign Group news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.90% of the company’s stock.

Institutional Trading of The Ensign Group

A number of institutional investors and hedge funds have recently modified their holdings of ENSG. CWM LLC grew its stake in shares of The Ensign Group by 16.2% in the third quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after acquiring an additional 71 shares during the period. Central Pacific Bank Trust Division raised its stake in The Ensign Group by 7.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 1,180 shares of the company’s stock valued at $157,000 after buying an additional 80 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of The Ensign Group by 30.1% during the 3rd 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. Equitable Trust Co. lifted its holdings in shares of The Ensign Group by 2.3% during the 3rd quarter. Equitable Trust Co. now owns 4,911 shares of the company’s stock valued at $706,000 after buying an additional 109 shares during the period. Finally, Wealth Alliance boosted its stake in shares of The Ensign Group by 6.0% in the 2nd quarter. Wealth Alliance now owns 1,940 shares of the company’s stock worth $240,000 after buying an additional 110 shares during the last quarter. 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.