Oppenheimer Increases The Ensign Group (NASDAQ:ENSG) Price Target to $168.00

The Ensign Group (NASDAQ:ENSG) had its price objective raised by investment analysts at Oppenheimer from $165.00 to $168.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 8.44% from the company’s current price.

Other research analysts have also issued reports about the company. Macquarie started coverage on The Ensign Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price on the stock. Truist Financial increased their target price on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada raised their price objective on The Ensign Group from $133.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and an average target price of $152.80.

The Ensign Group Trading Up 4.1 %

Shares of The Ensign Group stock traded up $6.08 during trading hours on Friday, reaching $154.93. 153,022 shares of the company’s stock were exchanged, compared to its average volume of 368,282. The Ensign Group has a 52-week low of $92.69 and a 52-week high of $155.68. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The company has a fifty day moving average of $148.37 and a 200-day moving average of $133.27. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Sell-side analysts forecast that The Ensign Group will post 4.99 EPS for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On The Ensign Group

Hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of The Ensign Group by 16.2% during the third quarter. CWM LLC now owns 508 shares of the company’s stock valued at $73,000 after buying an additional 71 shares during the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of The Ensign Group by 2.4% during the second quarter. Miller Howard Investments Inc. NY now owns 3,018 shares of the company’s stock valued at $373,000 after buying an additional 72 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of The Ensign Group by 0.9% during the second quarter. Farther Finance Advisors LLC now owns 7,908 shares of the company’s stock valued at $982,000 after buying an additional 72 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of The Ensign Group by 21.2% during the second quarter. Blue Trust Inc. now owns 429 shares of the company’s stock valued at $53,000 after buying an additional 75 shares during the last quarter. Finally, Pitcairn Co. raised its holdings in shares of The Ensign Group by 1.6% during the first quarter. Pitcairn Co. now owns 5,684 shares of the company’s stock valued at $707,000 after buying an additional 87 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

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.