Brokerages Set The Ensign Group, Inc. (NASDAQ:ENSG) Price Target at $196.40

The Ensign Group, Inc. (NASDAQ:ENSG) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $196.40.

A number of equities analysts have issued reports on the company. Stephens increased their price target on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Truist Financial upped their target price on The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. UBS Group reissued a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of The Ensign Group in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $206.00 price objective (up from $177.00) on shares of The Ensign Group in a report on Friday, November 14th.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 28,315 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $180.71, for a total value of $5,116,803.65. Following the transaction, the chief executive officer owned 56,481 shares in the company, valued at approximately $10,206,681.51. This trade represents a 33.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Spencer Burton sold 5,899 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $177.30, for a total transaction of $1,045,892.70. Following the sale, the chief operating officer directly owned 51,165 shares of the company’s stock, valued at $9,071,554.50. The trade was a 10.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 49,542 shares of company stock valued at $8,888,109. 3.90% of the stock is owned by insiders.

Hedge Funds Weigh In On The Ensign Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in The Ensign Group by 8.4% in the 3rd quarter. CWM LLC now owns 732 shares of the company’s stock worth $126,000 after purchasing an additional 57 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of The Ensign Group by 2.5% in the third quarter. Profund Advisors LLC now owns 2,378 shares of the company’s stock valued at $411,000 after purchasing an additional 59 shares during the last quarter. UMB Bank n.a. lifted its position in The Ensign Group by 7.3% during the third quarter. UMB Bank n.a. now owns 911 shares of the company’s stock worth $157,000 after buying an additional 62 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in The Ensign Group by 6.4% during the second quarter. First Horizon Advisors Inc. now owns 1,193 shares of the company’s stock worth $184,000 after buying an additional 72 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in The Ensign Group by 4.1% in the 3rd quarter. HB Wealth Management LLC now owns 1,810 shares of the company’s stock valued at $313,000 after buying an additional 72 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Stock Performance

ENSG opened at $176.52 on Friday. The firm has a fifty day moving average price of $179.52 and a 200 day moving average price of $168.91. The Ensign Group has a 1 year low of $118.73 and a 1 year high of $193.99. The stock has a market cap of $10.22 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.80 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.46 and a quick ratio of 1.46.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. The Ensign Group had a net margin of 6.80% and a return on equity of 16.77%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Equities research analysts anticipate that The Ensign Group will post 5.59 earnings per share for the current year.

The Ensign Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, December 31st. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s payout ratio is presently 4.65%.

About The Ensign Group

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.