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

The Ensign Group (NASDAQ:ENSG) had its target price raised by analysts at Stephens from $163.00 to $167.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Stephens’ price objective indicates a potential upside of 7.85% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Oppenheimer boosted their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial lifted their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their price objective on shares of The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus price target of $161.20.

The Ensign Group Price Performance

Shares of NASDAQ ENSG traded up $2.02 during midday trading on Monday, hitting $154.84. The stock had a trading volume of 18,934 shares, compared to its average volume of 368,236. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group has a 1 year low of $94.56 and a 1 year high of $156.07. The company has a market capitalization of $8.81 billion, a PE ratio of 40.75, a P/E/G ratio of 1.99 and a beta of 0.96. The stock has a 50 day simple moving average of $148.60 and a 200-day simple moving average of $133.71.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, October 24th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, sell-side analysts expect that The Ensign Group will post 4.99 EPS for the current fiscal year.

Insider Activity

In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Barry Port sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total transaction of $507,500.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,788,820. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the transaction, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,118 shares of company stock valued at $2,053,620 in the last ninety days. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

Several large investors have recently made changes to their positions in ENSG. Opal Wealth Advisors LLC acquired a new position in shares of The Ensign Group in the 2nd quarter valued at $31,000. EntryPoint Capital LLC acquired a new position in shares of The Ensign Group in the first quarter worth $34,000. Signaturefd LLC increased its stake in shares of The Ensign Group by 115.2% in the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after acquiring an additional 152 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of The Ensign Group during the first quarter worth $45,000. Finally, Canada Pension Plan Investment Board purchased a new position in The Ensign Group in the second quarter valued at about $49,000. 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.