ENSG has been the subject of several other research reports. BidaskClub cut shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Stifel Nicolaus upped 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 report on Friday, August 2nd. Oppenheimer set a $64.00 target price on shares of The Ensign Group and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Zacks Investment Research upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $55.50.
NASDAQ ENSG opened at $39.90 on Thursday. The Ensign Group has a 52 week low of $35.93 and a 52 week high of $63.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.85. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. The company has a 50-day moving average price of $47.15 and a two-hundred day moving average price of $52.36.
The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, topping the 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 firm had revenue of $575.65 million during the quarter, compared to analysts’ expectations of $574.24 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The Ensign Group’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts expect that The Ensign Group will post 2.11 earnings per share for the current fiscal year.
In other The Ensign Group news, insider Spencer Burton sold 1,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $60.00, for a total value of $60,000.00. Following the completion of the transaction, the insider now owns 19,351 shares in the company, valued at approximately $1,161,060. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 2,612 shares of company stock valued at $149,118. 6.70% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of ENSG. Huntington National Bank bought a new position in shares of The Ensign Group in the second quarter valued at approximately $27,000. Tower Research Capital LLC TRC bought a new position in shares of The Ensign Group in the second quarter valued at approximately $46,000. Point72 Asset Management L.P. bought a new position in shares of The Ensign Group in the second quarter valued at approximately $57,000. Krane Funds Advisors LLC bought a new position in shares of The Ensign Group in the second quarter valued at approximately $58,000. Finally, Advisory Services Network LLC boosted its holdings in shares of The Ensign Group by 59.8% in the first quarter. Advisory Services Network LLC now owns 1,162 shares of the company’s stock valued at $60,000 after acquiring an additional 435 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.
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.
Further Reading: The limitations of an equal weight rating
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