The Ensign Group (NASDAQ:ENSG) Price Target Raised to $167.00

The Ensign Group (NASDAQ:ENSG) had its target price increased by Stephens from $163.00 to $167.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also issued reports about the company. Royal Bank of Canada increased their price objective on The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Oppenheimer lifted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial increased their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.20.

The Ensign Group Price Performance

Shares of ENSG stock opened at $156.01 on Monday. The Ensign Group has a fifty-two week low of $94.74 and a fifty-two 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 firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 41.06, a PEG ratio of 1.99 and a beta of 0.96. The stock’s 50-day simple moving average is $149.07 and its 200-day simple moving average is $134.20.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) 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 analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The Ensign Group’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. As a group, equities analysts forecast that The Ensign Group will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Barry Port sold 2,000 shares of the 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 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 16,118 shares of company stock worth $2,363,620 in the last 90 days. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its holdings in The Ensign Group by 16.2% during the 3rd quarter. CWM LLC now owns 508 shares of the company’s stock worth $73,000 after buying an additional 71 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in The Ensign Group by 2.4% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock valued at $373,000 after acquiring an additional 72 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of The Ensign Group by 0.9% during the second quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock worth $982,000 after purchasing an additional 72 shares during the period. Blue Trust Inc. boosted its holdings in shares of The Ensign Group by 21.2% in the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after acquiring an additional 75 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in The Ensign Group by 1.6% in the 1st quarter. Pitcairn Co. now owns 5,684 shares of the company’s stock valued at $707,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other 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.