The Ensign Group (NASDAQ:ENSG) Price Target Increased to $56.00 by Analysts at Stifel Nicolaus

The Ensign Group (NASDAQ:ENSG) had its target price upped by Stifel Nicolaus from $52.00 to $56.00 in a research note published on Friday, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the stock.

Several other analysts also recently commented on the company. Oppenheimer upped their price objective on The Ensign Group from $52.00 to $58.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Zacks Investment Research downgraded The Ensign Group from a strong-buy rating to a hold rating in a research note on Tuesday, April 9th. Finally, BidaskClub raised The Ensign Group from a hold rating to a buy rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $49.20.

ENSG traded down $2.76 on Friday, hitting $51.30. 4,563 shares of the company traded hands, compared to its average volume of 236,061. The stock’s 50 day moving average is $57.65. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $2.87 billion, a PE ratio of 28.69, a PEG ratio of 1.71 and a beta of 0.85. The Ensign Group has a 12-month low of $34.69 and a 12-month high of $63.00.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $575.65 million during the quarter, compared to the consensus estimate of $574.24 million. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. Equities analysts expect that The Ensign Group will post 2.11 EPS for the current fiscal year.

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

In other news, VP Beverly B. Wittekind sold 868 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total transaction of $46,151.56. Following the completion of the transaction, the vice president now directly owns 54,462 shares of the company’s stock, valued at approximately $2,895,744.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Suzanne D. Snapper sold 2,982 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $53.17, for a total value of $158,552.94. Following the transaction, the chief financial officer now directly owns 223,216 shares of the company’s stock, valued at $11,868,394.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,547 shares of company stock valued at $302,252. Company insiders own 6.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Huntington National Bank purchased a new position in shares of The Ensign Group during the 2nd quarter worth approximately $27,000. Advisory Services Network LLC grew its holdings in shares of The Ensign Group by 86.4% in the 4th quarter. Advisory Services Network LLC now owns 727 shares of the company’s stock worth $28,000 after acquiring an additional 337 shares during the period. FMR LLC grew its holdings in shares of The Ensign Group by 65.5% in the 4th quarter. FMR LLC now owns 768 shares of the company’s stock worth $30,000 after acquiring an additional 304 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in shares of The Ensign Group in the 1st quarter worth approximately $53,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of The Ensign Group in the 2nd quarter worth approximately $64,000. 80.88% of the stock is owned by institutional investors and hedge funds.

About The Ensign Group

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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