The Ensign Group, Inc. (NASDAQ:ENSG) Receives $134.50 Average Price Target from Brokerages

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $134.50.

ENSG has been the topic of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $135.00 price objective on shares of The Ensign Group in a report on Tuesday, April 23rd. Macquarie initiated coverage on shares of The Ensign Group in a report on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective on the stock. Oppenheimer increased their price objective on shares of The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Finally, Truist Financial increased their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, July 31st.

The Ensign Group Stock Up 1.3 %

NASDAQ:ENSG opened at $143.72 on Friday. The firm has a market capitalization of $8.18 billion, a P/E ratio of 37.82, a PEG ratio of 1.88 and a beta of 0.99. The Ensign Group has a 1-year low of $90.00 and a 1-year high of $147.93. The company’s fifty day moving average price is $132.48 and its 200-day moving average price is $124.69. 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 Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, equities research analysts anticipate that The Ensign Group will post 4.95 EPS for the current year.

The Ensign Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, June 28th. The Ensign Group’s dividend payout ratio is presently 6.32%.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 3,000 shares of The Ensign Group 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 sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the transaction, the chief operating officer now owns 42,629 shares in the company, valued at $5,756,620.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction that occurred on 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 owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. The disclosure for this sale can be found here. Insiders sold a total of 15,618 shares of company stock worth $2,140,839 over the last three months. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENSG. Opal Wealth Advisors LLC purchased a new position in The Ensign Group in the second quarter worth approximately $31,000. EntryPoint Capital LLC purchased a new position in The Ensign Group in the first quarter worth approximately $34,000. Scarborough Advisors LLC purchased a new position in The Ensign Group in the fourth quarter worth approximately $35,000. LRI Investments LLC purchased a new position in The Ensign Group in the first quarter worth approximately $45,000. Finally, Canada Pension Plan Investment Board purchased a new position in The Ensign Group in the second quarter worth approximately $49,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

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.