The Ensign Group (NASDAQ:ENSG) Given New $165.00 Price Target at Oppenheimer

The Ensign Group (NASDAQ:ENSG) had its price target increased by Oppenheimer from $155.00 to $165.00 in a research report report published on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Macquarie initiated coverage on The Ensign Group in a report on Friday, June 28th. They issued an outperform rating and a $134.00 price objective for the company. Truist Financial upped their price target on The Ensign Group from $150.00 to $160.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $139.50.

The Ensign Group Trading Down 0.7 %

NASDAQ:ENSG opened at $151.00 on Monday. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 39.74, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The Ensign Group has a one year low of $90.00 and a one year high of $154.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The business’s 50-day simple moving average is $143.81 and its 200 day simple moving average is $128.90.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $1.08 EPS. The Ensign Group’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that The Ensign Group will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.06 dividend. 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 6.32%.

Insider Buying and Selling at The Ensign Group

In related news, COO Spencer Burton sold 3,099 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $136.19, for a total value of $422,052.81. Following the completion of the transaction, the chief operating officer now owns 42,629 shares in the company, valued at approximately $5,805,643.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other The Ensign Group news, COO Spencer Burton sold 3,099 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $136.19, for a total value of $422,052.81. Following the sale, the chief operating officer now directly owns 42,629 shares in the company, valued at $5,805,643.51. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Barry Port sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $7,520,240. The disclosure for this sale can be found here. Insiders have sold 24,736 shares of company stock valued at $3,491,039 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

Institutional Trading of The Ensign Group

Hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in shares of The Ensign Group during the second quarter valued at approximately $31,000. EntryPoint Capital LLC acquired a new stake in The Ensign Group during the 1st quarter valued at $34,000. Scarborough Advisors LLC purchased a new stake in shares of The Ensign Group in the fourth quarter valued at $35,000. LRI Investments LLC acquired a new stake in shares of The Ensign Group in the first quarter worth $45,000. Finally, Natixis grew its holdings in shares of The Ensign Group by 39.6% during the first quarter. Natixis now owns 398 shares of the company’s stock valued at $50,000 after buying an additional 113 shares in the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

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.