The Ensign Group (ENSG) Stock Rating Upgraded by BidaskClub

The Ensign Group (NASDAQ:ENSG) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $21.00 target price on shares of The Ensign Group in a report on Tuesday, November 7th. ValuEngine lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Cantor Fitzgerald increased their target price on shares of The Ensign Group from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. SunTrust Banks set a $29.00 target price on shares of The Ensign Group and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus set a $22.00 target price on shares of The Ensign Group and gave the stock a “hold” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.25.

Shares of The Ensign Group (NASDAQ ENSG) opened at $25.53 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 1.63. The Ensign Group has a 1 year low of $16.50 and a 1 year high of $26.07. The stock has a market cap of $1,320.00, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.16 and a beta of 0.82.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, February 8th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. The company had revenue of $487.70 million during the quarter, compared to analyst estimates of $457.91 million. The Ensign Group had a net margin of 2.19% and a return on equity of 13.87%. The Ensign Group’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. equities research analysts anticipate that The Ensign Group will post 1.48 EPS for the current year.

In other The Ensign Group news, Director John G. Nackel sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $24.90, for a total value of $49,800.00. Following the completion of the sale, the director now directly owns 99,232 shares in the company, valued at $2,470,876.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Beverly B. Wittekind sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $22.55, for a total transaction of $112,750.00. Following the completion of the sale, the vice president now owns 46,656 shares of the company’s stock, valued at $1,052,092.80. The disclosure for this sale can be found here. Insiders sold 100,470 shares of company stock valued at $2,434,971 over the last 90 days. 6.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC purchased a new stake in The Ensign Group in the fourth quarter worth about $227,000. Goldman Sachs Group Inc. lifted its holdings in The Ensign Group by 77.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 147,693 shares of the company’s stock worth $3,279,000 after buying an additional 64,264 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in The Ensign Group in the fourth quarter worth about $321,000. Deutsche Bank AG lifted its holdings in The Ensign Group by 147.8% in the fourth quarter. Deutsche Bank AG now owns 118,003 shares of the company’s stock worth $2,617,000 after buying an additional 70,382 shares during the period. Finally, Advisor Group Inc. lifted its holdings in The Ensign Group by 104.4% in the fourth quarter. Advisor Group Inc. now owns 4,543 shares of the company’s stock worth $101,000 after buying an additional 2,320 shares during the period. Institutional investors and hedge funds own 84.27% 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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