The Ensign Group (NASDAQ:ENSG) Given New $155.00 Price Target at Truist Financial

The Ensign Group (NASDAQ:ENSG) had its price target dropped by research analysts at Truist Financial from $170.00 to $155.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 18.47% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Stephens upped their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Royal Bank of Canada increased their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Oppenheimer boosted their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, UBS Group started coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.83.

The Ensign Group Stock Up 0.6 %

Shares of NASDAQ:ENSG opened at $130.84 on Monday. The stock has a 50-day simple moving average of $142.57 and a 200-day simple moving average of $142.54. The stock has a market capitalization of $7.50 billion, a P/E ratio of 31.68, a PEG ratio of 1.90 and a beta of 0.93. The Ensign Group has a 1 year low of $110.71 and a 1 year high of $158.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities analysts forecast that The Ensign Group will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Barry Port sold 2,000 shares of The Ensign Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $133.43, for a total value of $93,401.00. Following the sale, the director now owns 30,852 shares in the company, valued at $4,116,582.36. The trade was a 2.22 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Ensign Group

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its holdings in shares of The Ensign Group by 4.8% in the 2nd quarter. Natixis Advisors LLC now owns 15,897 shares of the company’s stock valued at $1,966,000 after buying an additional 725 shares during the period. Arizona State Retirement System lifted its holdings in The Ensign Group by 2.2% in the second quarter. Arizona State Retirement System now owns 15,863 shares of the company’s stock worth $1,962,000 after acquiring an additional 349 shares during the last quarter. Acadian Asset Management LLC boosted its stake in The Ensign Group by 12.2% in the second quarter. Acadian Asset Management LLC now owns 4,044 shares of the company’s stock valued at $499,000 after acquiring an additional 440 shares during the period. Quest Partners LLC grew its holdings in shares of The Ensign Group by 109,812.5% during the second quarter. Quest Partners LLC now owns 8,793 shares of the company’s stock valued at $1,088,000 after purchasing an additional 8,785 shares during the last quarter. Finally, Choreo LLC acquired a new stake in shares of The Ensign Group during the 2nd quarter worth approximately $501,000. Institutional investors and hedge funds 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.