Ensign Group (ENSG) Price Target Raised to $39.00 at Citigroup

Ensign Group (NASDAQ:ENSG) had its target price boosted by research analysts at Citigroup from $31.00 to $39.00 in a research report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Citigroup’s target price suggests a potential upside of 11.30% from the stock’s current price.

Several other equities analysts have also recently weighed in on ENSG. BidaskClub cut Ensign Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Stifel Nicolaus set a $22.00 price objective on Ensign Group and gave the company a “hold” rating in a research note on Friday, February 9th. SunTrust Banks set a $29.00 price objective on Ensign Group and gave the company a “buy” rating in a research note on Friday, February 9th. Royal Bank of Canada restated a “buy” rating on shares of Ensign Group in a research note on Monday, February 12th. Finally, Zacks Investment Research upgraded Ensign Group from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Ensign Group has a consensus rating of “Buy” and an average price target of $32.00.

Shares of Ensign Group traded down $0.06, reaching $35.04, during trading hours on Tuesday, according to Marketbeat.com. The stock had a trading volume of 465 shares, compared to its average volume of 263,322. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.53. Ensign Group has a 12 month low of $18.00 and a 12 month high of $35.40. The stock has a market cap of $1.80 billion, a P/E ratio of 29.25, a P/E/G ratio of 1.35 and a beta of 0.60.

Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Ensign Group had a return on equity of 14.77% and a net margin of 3.20%. The business had revenue of $492.13 million for the quarter, compared to analysts’ expectations of $485.20 million. During the same period last year, the business earned $0.34 EPS. The business’s revenue was up 11.4% on a year-over-year basis. analysts expect that Ensign Group will post 1.72 EPS for the current year.

In other news, Director John G. Nackel sold 8,000 shares of Ensign Group stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $30.90, for a total transaction of $247,200.00. Following the sale, the director now directly owns 77,732 shares in the company, valued at approximately $2,401,918.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Barry Port sold 4,976 shares of Ensign Group stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $28.25, for a total value of $140,572.00. Following the sale, the vice president now owns 117,742 shares in the company, valued at $3,326,211.50. The disclosure for this sale can be found here. Insiders have sold a total of 19,976 shares of company stock worth $583,072 over the last quarter. Company insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENSG. California Public Employees Retirement System bought a new stake in shares of Ensign Group during the 3rd quarter worth $463,000. Schwab Charles Investment Management Inc. raised its stake in shares of Ensign Group by 27.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 317,235 shares of the company’s stock worth $7,043,000 after purchasing an additional 67,692 shares during the period. Strs Ohio bought a new stake in shares of Ensign Group during the 4th quarter worth $142,000. LSV Asset Management raised its stake in shares of Ensign Group by 20.7% during the 4th quarter. LSV Asset Management now owns 952,070 shares of the company’s stock worth $21,135,000 after purchasing an additional 163,007 shares during the period. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Ensign Group during the 4th quarter worth $1,914,000. Institutional investors own 85.51% of the company’s stock.

About Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

Analyst Recommendations for Ensign Group (NASDAQ:ENSG)

Receive News & Ratings for Ensign Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensign Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply