The Ensign Group (ENSG) Given a $29.00 Price Target by SunTrust Banks Analysts

SunTrust Banks set a $29.00 price target on The Ensign Group (NASDAQ:ENSG) in a research report report published on Friday morning. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus set a $22.00 price target on The Ensign Group and gave the stock a hold rating in a research note on Friday. BidaskClub cut The Ensign Group from a hold rating to a sell rating in a research note on Wednesday, January 31st. Cantor Fitzgerald boosted their price target on The Ensign Group from $23.00 to $27.00 and gave the stock an overweight rating in a research note on Thursday, November 9th. ValuEngine cut The Ensign Group from a buy rating to a hold rating in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada boosted their price target on The Ensign Group to $27.00 and gave the stock an outperform rating in a research note on Monday, November 20th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The Ensign Group has a consensus rating of Hold and a consensus target price of $26.20.

Shares of The Ensign Group (ENSG) opened at $25.41 on Friday. The Ensign Group has a 1 year low of $16.50 and a 1 year high of $25.79. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1,213.50, a PE ratio of 28.23 and a beta of 0.81.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Wednesday, November 8th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The Ensign Group had a return on equity of 13.15% and a net margin of 2.65%. The company had revenue of $471.59 million during the quarter, compared to analysts’ expectations of $445.95 million. research analysts expect that The Ensign Group will post 1.28 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Sunday, December 31st were paid a $0.045 dividend. This is a boost from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.18 annualized dividend and a dividend yield of 0.71%. The Ensign Group’s payout ratio is 20.00%.

In other The Ensign Group news, VP Barry Port sold 20,423 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $24.02, for a total transaction of $490,560.46. Following the sale, the vice president now owns 128,112 shares in the company, valued at $3,077,250.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Beverly B. Wittekind sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $22.55, for a total value of $112,750.00. Following the sale, the vice president now owns 46,656 shares in the company, valued at approximately $1,052,092.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,318 shares of company stock worth $1,648,075. Insiders own 6.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its stake in The Ensign Group by 0.4% during the second quarter. UBS Asset Management Americas Inc. now owns 16,262 shares of the company’s stock valued at $354,000 after buying an additional 62 shares in the last quarter. Alliancebernstein L.P. raised its stake in The Ensign Group by 0.6% during the second quarter. Alliancebernstein L.P. now owns 66,938 shares of the company’s stock valued at $1,457,000 after buying an additional 400 shares in the last quarter. Voya Investment Management LLC raised its stake in The Ensign Group by 10.5% during the second quarter. Voya Investment Management LLC now owns 23,013 shares of the company’s stock valued at $501,000 after buying an additional 2,189 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in The Ensign Group by 30.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 9,754 shares of the company’s stock valued at $220,000 after buying an additional 2,260 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in The Ensign Group by 2.5% during the third quarter. Legal & General Group Plc now owns 92,837 shares of the company’s stock valued at $2,098,000 after buying an additional 2,307 shares in the last quarter. Hedge funds and other institutional investors own 83.86% of the company’s stock.

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About The Ensign Group

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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