Analysts Set The Ensign Group, Inc. (NASDAQ:ENSG) Price Target at $164.33

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $164.33.

ENSG has been the subject of several analyst reports. Stephens boosted their price target on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Oppenheimer raised their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Truist Financial raised their price target on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, UBS Group assumed coverage on shares of The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 target price on the stock.

The Ensign Group Stock Performance

The Ensign Group stock opened at $145.98 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group has a 12 month low of $104.18 and a 12 month high of $158.45. The company has a fifty day moving average price of $148.48 and a two-hundred day moving average price of $138.53. The company has a market cap of $8.36 billion, a PE ratio of 35.43, a P/E/G ratio of 1.93 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Research analysts expect that The Ensign Group will post 5.02 earnings per share for the current year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is presently 5.81%.

Insider Buying and Selling

In related news, CEO Barry Port sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were 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 owns 53,716 shares of the company’s stock, valued at approximately $8,325,980. This trade represents a 3.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in The Ensign Group by 15.4% in the 3rd quarter. Franklin Resources Inc. now owns 314,700 shares of the company’s stock worth $46,522,000 after acquiring an additional 42,072 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of The Ensign Group by 90.2% during the 3rd quarter. Synovus Financial Corp now owns 14,618 shares of the company’s stock valued at $2,102,000 after buying an additional 6,931 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of The Ensign Group in the 3rd quarter valued at approximately $200,000. World Investment Advisors LLC acquired a new position in The Ensign Group in the third quarter worth approximately $21,744,000. Finally, Sanctuary Advisors LLC raised its position in The Ensign Group by 67.9% during the third quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company’s stock valued at $2,038,000 after acquiring an additional 5,632 shares in the last quarter. Hedge funds and other 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.