The Ensign Group (NASDAQ:ENSG) Price Target Raised to $168.00 at Oppenheimer

The Ensign Group (NASDAQ:ENSG) had its target price raised by Oppenheimer from $165.00 to $168.00 in a research report released on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada lifted their price target on shares of The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Macquarie initiated coverage on shares of The Ensign Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price for the company. Finally, Truist Financial increased their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $152.80.

The Ensign Group Stock Up 2.7 %

Shares of The Ensign Group stock opened at $152.82 on Friday. The Ensign Group has a 1-year low of $92.69 and a 1-year high of $155.68. The company has a market capitalization of $8.70 billion, a PE ratio of 40.22, a P/E/G ratio of 1.99 and a beta of 0.96. 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 business has a 50-day moving average of $148.60 and a 200-day moving average of $133.71.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating 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. During the same quarter last year, the firm earned $1.10 EPS. The Ensign Group’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities analysts forecast that The Ensign Group will post 4.99 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The Ensign Group’s payout ratio is currently 6.32%.

Insider Activity at The Ensign Group

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 29,125 shares in the company, 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 14,118 shares of company stock valued at $2,053,620 in the last quarter. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. F M Investments LLC bought a new stake in shares of The Ensign Group during the second quarter valued at approximately $14,370,000. Bank of New York Mellon Corp raised 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 acquiring an additional 59,933 shares in the last quarter. Grandeur Peak Global Advisors LLC bought a new stake in The Ensign Group during the 1st quarter valued at $5,167,000. Sei Investments Co. boosted its position in The Ensign Group by 15.7% during the 2nd 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. grew its stake in shares of The Ensign Group by 0.6% in the first 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 in the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

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.