Oppenheimer Increases The Ensign Group (NASDAQ:ENSG) Price Target to $165.00

The Ensign Group (NASDAQ:ENSG) had its price objective upped by Oppenheimer from $155.00 to $165.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 8.03% from the company’s previous close.

ENSG has been the topic of a number of other research reports. Truist Financial upped their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie assumed coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and a consensus price target of $139.50.

The Ensign Group Trading Up 0.5 %

Shares of ENSG stock opened at $152.73 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group has a twelve month low of $90.00 and a twelve month high of $153.64. The company’s 50-day moving average price is $142.31 and its 200-day moving average price is $128.33. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 40.19, a PEG ratio of 2.01 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The Ensign Group’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. As a group, equities analysts predict that The Ensign Group will post 4.99 earnings per share for the current year.

Insider Transactions at The Ensign Group

In related news, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction on Friday, July 12th. The stock was sold at an average price of $135.04, for a total value of $1,015,365.76. Following the completion of the transaction, the chief operating officer now directly owns 42,629 shares in the company, valued at $5,756,620.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at $8,057,400. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Spencer Burton sold 7,519 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the transaction, the chief operating officer now owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,736 shares of company stock valued at $3,491,039. 3.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Ensign Group

Several institutional investors have recently modified their holdings of ENSG. Vanguard Group Inc. raised its stake in The Ensign Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock valued at $828,834,000 after buying an additional 39,695 shares in the last quarter. Capital Research Global Investors boosted its holdings in The Ensign Group by 9.2% in the fourth quarter. Capital Research Global Investors now owns 2,620,360 shares of the company’s stock valued at $294,031,000 after purchasing an additional 221,838 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in The Ensign Group by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock valued at $163,577,000 after purchasing an additional 35,862 shares during the last quarter. Crewe Advisors LLC raised its holdings in The Ensign Group by 3.1% during the fourth quarter. Crewe Advisors LLC now owns 1,211,171 shares of the company’s stock worth $135,905,000 after purchasing an additional 36,587 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in shares of The Ensign Group by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after buying an additional 18,412 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.