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.
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