The Ensign Group (ENSG) Receives “Buy” Rating from Royal Bank of Canada

The Ensign Group (NASDAQ:ENSG)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday.

Other analysts have also recently issued research reports about the stock. SunTrust Banks set a $29.00 target price on shares of The Ensign Group and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus set a $22.00 target price on shares of The Ensign Group and gave the company a “hold” rating in a research note on Friday. Cantor Fitzgerald upped their target price on shares of The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. BidaskClub cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, ValuEngine cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The Ensign Group has a consensus rating of “Hold” and an average price target of $26.25.

The Ensign Group (NASDAQ:ENSG) opened at $25.41 on Monday. The Ensign Group has a twelve month low of $16.50 and a twelve month high of $25.79. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1,308.23, a PE ratio of 33.43 and a beta of 0.81.

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

In other The Ensign Group news, VP Beverly B. Wittekind sold 9,664 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $23.60, for a total transaction of $228,070.40. Following the sale, the vice president now directly owns 51,320 shares of the company’s stock, valued at $1,211,152. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Barry Port sold 20,423 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $24.02, for a total transaction of $490,560.46. Following the sale, the vice president now directly owns 128,112 shares in the company, valued at $3,077,250.24. The disclosure for this sale can be found here. In the last three months, insiders sold 69,318 shares of company stock worth $1,648,075. 6.20% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in The Ensign Group during the third quarter worth about $104,000. Strs Ohio bought a new stake in The Ensign Group during the fourth quarter worth about $142,000. Crossmark Global Holdings Inc. bought a new stake in The Ensign Group during the third quarter worth about $220,000. Oppenheimer Asset Management Inc. grew its stake in The Ensign Group by 30.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 9,754 shares of the company’s stock worth $220,000 after buying an additional 2,260 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in The Ensign Group during the second quarter worth about $224,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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The Ensign Group Company Profile

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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