The Ensign Group, Inc. (NASDAQ:ENSG) Receives $54.67 Consensus Price Target from Analysts

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $54.67.

ENSG has been the subject of several recent analyst reports. BidaskClub cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus raised their target price on shares of The Ensign Group from $52.00 to $56.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. ValuEngine cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Oppenheimer raised their target price on shares of The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th.

In related news, CFO Suzanne D. Snapper sold 2,982 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total value of $158,552.94. Following the completion of the sale, the chief financial officer now owns 223,216 shares in the company, valued at $11,868,394.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 868 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $53.17, for a total transaction of $46,151.56. Following the completion of the sale, the vice president now owns 54,462 shares of the company’s stock, valued at approximately $2,895,744.54. The disclosure for this sale can be found here. Insiders sold 6,479 shares of company stock valued at $358,200 in the last quarter. Company insiders own 6.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ENSG. Norges Bank acquired a new stake in shares of The Ensign Group in the fourth quarter valued at about $26,625,000. JPMorgan Chase & Co. lifted its stake in shares of The Ensign Group by 100.6% in the second quarter. JPMorgan Chase & Co. now owns 776,107 shares of the company’s stock valued at $43,680,000 after purchasing an additional 389,284 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of The Ensign Group in the second quarter valued at about $13,381,000. BlackRock Inc. increased its holdings in The Ensign Group by 3.1% during the 2nd quarter. BlackRock Inc. now owns 7,713,644 shares of the company’s stock valued at $439,060,000 after acquiring an additional 229,895 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new position in The Ensign Group during the 2nd quarter valued at about $11,756,000. Hedge funds and other institutional investors own 80.37% of the company’s stock.

Shares of ENSG stock traded up $0.98 during mid-day trading on Friday, hitting $51.78. The stock had a trading volume of 138,858 shares, compared to its average volume of 281,570. The Ensign Group has a fifty-two week low of $35.69 and a fifty-two week high of $63.00. The firm has a market cap of $2.75 billion, a PE ratio of 28.92, a PEG ratio of 1.64 and a beta of 0.85. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50-day simple moving average is $56.34 and its 200-day simple moving average is $52.95.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The Ensign Group had a net margin of 4.74% and a return on equity of 17.32%. The company had revenue of $575.65 million during the quarter, compared to analysts’ expectations of $574.24 million. During the same quarter last year, the business earned $0.44 EPS. The business’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect that The Ensign Group will post 2.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Sunday, June 30th were paid a $0.0475 dividend. This represents a $0.19 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, June 27th. The Ensign Group’s dividend payout ratio (DPR) is 10.61%.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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