The Ensign Group (NASDAQ:ENSG) had its price objective hoisted by Cantor Fitzgerald from $42.00 to $50.00 in a report published on Friday morning. The firm currently has an overweight rating on the stock.
Other equities research analysts have also recently issued research reports about the company. Stephens restated a buy rating and issued a $41.00 price target on shares of The Ensign Group in a report on Sunday, August 5th. SunTrust Banks restated a buy rating and issued a $41.00 price target on shares of The Ensign Group in a report on Friday, August 3rd. ValuEngine cut The Ensign Group from a strong-buy rating to a buy rating in a report on Friday, August 3rd. BidaskClub cut The Ensign Group from a strong-buy rating to a buy rating in a report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded The Ensign Group from a hold rating to a buy rating and set a $42.00 price target on the stock in a report on Tuesday, August 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $39.00.
ENSG opened at $45.12 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of 37.60, a PEG ratio of 1.79 and a beta of 0.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The Ensign Group has a 1-year low of $21.67 and a 1-year high of $47.30.
The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $522.21 million for the quarter, compared to analysts’ expectations of $506.14 million. The Ensign Group had a return on equity of 16.10% and a net margin of 3.86%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts forecast that The Ensign Group will post 1.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Thursday, September 27th. The Ensign Group’s dividend payout ratio (DPR) is presently 15.00%.
In other The Ensign Group news, CFO Suzanne D. Snapper sold 47,039 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $38.25, for a total transaction of $1,799,241.75. Following the sale, the chief financial officer now owns 159,561 shares in the company, valued at approximately $6,103,208.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John G. Nackel sold 6,000 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $42.91, for a total value of $257,460.00. Following the sale, the director now owns 73,732 shares in the company, valued at approximately $3,163,840.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,933 shares of company stock worth $3,225,806. 6.00% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in ENSG. California Public Employees Retirement System grew its holdings in The Ensign Group by 132.1% during the 1st quarter. California Public Employees Retirement System now owns 44,190 shares of the company’s stock valued at $1,162,000 after buying an additional 25,154 shares during the last quarter. UBS Group AG grew its holdings in The Ensign Group by 147.8% during the 1st quarter. UBS Group AG now owns 38,355 shares of the company’s stock valued at $1,008,000 after buying an additional 22,875 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in The Ensign Group during the 1st quarter valued at $238,000. Legal & General Group Plc grew its holdings in The Ensign Group by 2.4% during the 1st quarter. Legal & General Group Plc now owns 102,009 shares of the company’s stock valued at $2,697,000 after buying an additional 2,354 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in The Ensign Group during the 1st quarter valued at $288,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.
About The Ensign Group
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.
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