The Ensign Group (NASDAQ:ENSG) Price Target Raised to $172.00 at Royal Bank of Canada

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

Several other research firms also recently commented on ENSG. Oppenheimer lifted 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. Truist Financial boosted their price objective on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday. Finally, Stephens lifted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and an average price target of $162.20.

The Ensign Group Stock Down 0.6 %

NASDAQ:ENSG opened at $156.01 on Monday. 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 firm’s 50-day moving average price is $149.07 and its 200-day moving average price is $134.20. The company has a market capitalization of $8.88 billion, a PE ratio of 41.06, a P/E/G ratio of 1.99 and a beta of 0.96. The Ensign Group has a 1-year low of $94.74 and a 1-year high of $158.22.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company’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 company posted $1.10 earnings per share. On average, equities analysts predict that The Ensign Group will post 4.99 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date is Monday, September 30th. The Ensign Group’s dividend payout ratio (DPR) is 6.32%.

Insiders Place Their Bets

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the company’s 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 owns 29,125 shares of the company’s stock, valued at $4,127,303.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other The Ensign Group news, CEO Barry Port sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value 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 approximately $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 can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,118 shares of company stock valued at $2,363,620 over the last 90 days. Insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

Several institutional investors and hedge funds have recently bought and sold shares of ENSG. Vanguard Group Inc. grew its position 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 worth $828,834,000 after purchasing an additional 39,695 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in The Ensign Group by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock worth $163,577,000 after acquiring an additional 35,862 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in The Ensign Group by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after acquiring an additional 18,412 shares during the period. Bank of New York Mellon Corp grew its stake in 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 purchasing an additional 59,933 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of The Ensign Group by 15.7% in 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. 96.12% of the stock is owned by hedge funds and other institutional investors.

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.