Citigroup Raises Ensign Group (ENSG) Price Target to $39.00

Ensign Group (NASDAQ:ENSG) had its price target increased by Citigroup from $31.00 to $39.00 in a research note released on Tuesday. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. SunTrust Banks set a $29.00 target price on Ensign Group and gave the stock a buy rating in a research report on Friday, February 9th. Royal Bank of Canada reissued a buy rating on shares of Ensign Group in a research report on Monday, February 12th. Zacks Investment Research raised Ensign Group from a hold rating to a buy rating and set a $29.00 target price for the company in a research report on Friday, February 16th. BidaskClub raised Ensign Group from a sell rating to a hold rating in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus set a $22.00 target price on Ensign Group and gave the stock a hold rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $32.00.

Shares of Ensign Group stock opened at $35.85 on Tuesday. Ensign Group has a 1 year low of $18.00 and a 1 year high of $36.24. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.84 billion, a P/E ratio of 29.88, a PEG ratio of 1.38 and a beta of 0.60.

Ensign Group (NASDAQ:ENSG) last issued its earnings results on Wednesday, May 2nd. The company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Ensign Group had a return on equity of 14.77% and a net margin of 3.20%. The business had revenue of $492.13 million during the quarter, compared to analyst estimates of $485.20 million. During the same quarter in the previous year, the firm earned $0.34 EPS. Ensign Group’s revenue was up 11.4% on a year-over-year basis. analysts expect that Ensign Group will post 1.72 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 30th. Stockholders of record on Saturday, March 31st were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, March 28th. Ensign Group’s payout ratio is currently 15.00%.

In other news, VP Barry Port sold 4,976 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $28.25, for a total transaction of $140,572.00. Following the completion of the sale, the vice president now owns 117,742 shares of the company’s stock, valued at approximately $3,326,211.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John G. Nackel sold 7,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $27.90, for a total transaction of $195,300.00. Following the sale, the director now directly owns 84,232 shares of the company’s stock, valued at approximately $2,350,072.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,976 shares of company stock valued at $583,072 in the last ninety days. Insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. increased its position in shares of Ensign Group by 4.3% during the 1st quarter. Wasatch Advisors Inc. now owns 6,541,631 shares of the company’s stock valued at $172,045,000 after purchasing an additional 268,181 shares during the last quarter. BlackRock Inc. increased its position in shares of Ensign Group by 2.3% during the 1st quarter. BlackRock Inc. now owns 6,297,816 shares of the company’s stock valued at $165,632,000 after purchasing an additional 141,214 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ensign Group by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,286,451 shares of the company’s stock valued at $60,134,000 after purchasing an additional 23,814 shares during the last quarter. LSV Asset Management increased its position in shares of Ensign Group by 36.8% during the 1st quarter. LSV Asset Management now owns 1,302,319 shares of the company’s stock valued at $34,250,000 after purchasing an additional 350,249 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of Ensign Group by 0.5% during the 1st quarter. Copeland Capital Management LLC now owns 1,056,425 shares of the company’s stock valued at $27,784,000 after purchasing an additional 5,498 shares during the last quarter. 85.51% of the stock is owned by hedge funds and other institutional investors.

Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through 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, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

Analyst Recommendations for Ensign Group (NASDAQ:ENSG)

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