Truist Financial Boosts The Ensign Group (NASDAQ:ENSG) Price Target to $170.00

The Ensign Group (NASDAQ:ENSG) had its price target hoisted by equities researchers at Truist Financial from $160.00 to $170.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 9.79% from the stock’s previous close.

ENSG has been the subject of several other research reports. Royal Bank of Canada increased their target price on The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Oppenheimer boosted their price objective on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Stephens lifted their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.20.

The Ensign Group Stock Performance

Shares of NASDAQ:ENSG traded up $2.02 during trading on Monday, hitting $154.84. The company’s stock had a trading volume of 18,934 shares, compared to its average volume of 368,236. The company has a 50-day moving average of $148.60 and a 200-day moving average of $133.71. 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 firm has a market cap of $8.81 billion, a price-to-earnings ratio of 40.75, a P/E/G ratio of 1.99 and a beta of 0.96. The Ensign Group has a 12 month low of $94.56 and a 12 month high of $156.07.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The Ensign Group’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, sell-side analysts expect that The Ensign Group will post 4.99 earnings per share for the current year.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $7,520,240. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $141.71, for a total transaction of $283,420.00. Following the sale, the director now owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,118 shares of company stock valued at $2,053,620 over the last quarter. 3.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Ensign Group

Institutional investors have recently added to or reduced their stakes in the stock. Entropy Technologies LP bought a new stake in shares of The Ensign Group in the 1st quarter valued at about $792,000. Harbor Capital Advisors Inc. grew its holdings in The Ensign Group by 294.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company’s stock worth $1,203,000 after purchasing an additional 7,262 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of The Ensign Group by 14.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company’s stock worth $6,486,000 after purchasing an additional 6,583 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of The Ensign Group during the 2nd quarter valued at $3,500,000. Finally, Quantbot Technologies LP purchased a new stake in shares of The Ensign Group during the 1st quarter valued at $1,599,000. Institutional investors own 96.12% of the company’s stock.

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.