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

The Ensign Group (NASDAQ:ENSG) had its price target lifted by Royal Bank of Canada from $133.00 to $167.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

ENSG has been the subject of a number of other research reports. Truist Financial upped their price target on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Oppenheimer lifted their price target on shares of The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Macquarie initiated coverage on shares of The Ensign Group in a research note on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.20.

The Ensign Group Price Performance

Shares of NASDAQ ENSG opened at $148.85 on Monday. The company has a fifty day moving average price of $148.37 and a 200 day moving average price of $133.27. The firm has a market cap of $8.47 billion, a PE ratio of 39.17, a PEG ratio of 1.96 and a beta of 0.96. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group has a 1-year low of $92.69 and a 1-year high of $154.93.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The Ensign Group’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts predict that The Ensign Group will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

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

Insider Buying and Selling at The Ensign Group

In other news, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now 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 worth $2,053,620 over the last quarter. 3.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ENSG. Opal Wealth Advisors LLC bought a new stake in shares of The Ensign Group during the second quarter worth approximately $31,000. EntryPoint Capital LLC acquired a new position in The Ensign Group in the 1st quarter valued at $34,000. Signaturefd LLC increased its position in The Ensign Group by 115.2% during the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after buying an additional 152 shares during the period. LRI Investments LLC acquired a new stake in shares of The Ensign Group during the first quarter worth $45,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of The Ensign Group in the second quarter valued at about $49,000. Institutional investors and hedge funds 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.