The Ensign Group, Inc. (NASDAQ:ENSG) Receives $54.00 Consensus PT from Analysts

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have earned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $55.50.

Several brokerages have weighed in on ENSG. ValuEngine downgraded The Ensign Group from a “sell” rating to a “strong sell” rating in a research note on Thursday. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus lifted their target price on The Ensign Group from $52.00 to $56.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, September 24th. Finally, Oppenheimer set a $64.00 target price on The Ensign Group and gave the company a “buy” rating in a research note on Thursday, September 26th.

NASDAQ:ENSG traded down $0.56 during mid-day trading on Monday, reaching $39.40. 533,003 shares of the stock were exchanged, compared to its average volume of 299,788. The company has a 50 day simple moving average of $48.86 and a 200-day simple moving average of $52.74. The stock has a market capitalization of $2.10 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.27 and a beta of 0.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.85. The Ensign Group has a 1 year low of $35.93 and a 1 year high of $63.00.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $575.65 million for the quarter, compared to the consensus estimate of $574.24 million. The Ensign Group had a return on equity of 17.32% and a net margin of 4.74%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. As a group, research analysts predict that The Ensign Group will post 2.11 EPS for the current year.

The business also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.0475 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a dividend yield of 0.4%. The Ensign Group’s dividend payout ratio (DPR) is currently 38.55%.

In other The Ensign Group news, insider Spencer Burton sold 1,000 shares of The Ensign Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $60.00, for a total value of $60,000.00. Following the transaction, the insider now directly owns 19,351 shares in the company, valued at approximately $1,161,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 2,612 shares of company stock worth $149,118 over the last quarter. Company insiders own 6.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank acquired a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $27,000. Tower Research Capital LLC TRC acquired a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $46,000. Point72 Asset Management L.P. acquired a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $57,000. Krane Funds Advisors LLC acquired a new stake in shares of The Ensign Group in the 2nd quarter valued at approximately $58,000. Finally, Advisory Services Network LLC lifted its holdings in shares of The Ensign Group by 59.8% in the 1st quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock valued at $60,000 after buying an additional 435 shares during the period. 82.01% of the stock is owned by institutional investors and hedge funds.

About The Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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