The Ensign Group (NASDAQ:ENSG) Given New $172.00 Price Target at Royal Bank of Canada

The Ensign Group (NASDAQ:ENSG) had its price objective raised by stock analysts at Royal Bank of Canada from $167.00 to $172.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 11.52% from the stock’s previous close.

A number of other equities analysts also recently weighed in on ENSG. Stephens boosted their target price on The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer upped their price objective on The Ensign Group from $165.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Truist Financial raised their target price on The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.20.

The Ensign Group Stock Up 0.9 %

Shares of NASDAQ:ENSG traded up $1.41 during trading on Monday, reaching $154.23. 70,473 shares of the stock were exchanged, compared to its average volume of 368,481. The Ensign Group has a 1-year low of $94.56 and a 1-year high of $156.07. The stock has a fifty day moving average of $148.60 and a two-hundred day moving average of $133.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts anticipate that The Ensign Group will post 4.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Ensign Group news, CEO Barry Port sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,520,240. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Daren Shaw sold 2,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.71, for a total transaction of $283,420.00. Following the completion of the sale, the director now directly owns 29,125 shares in the company, valued at approximately $4,127,303.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Barry Port sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at approximately $7,520,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,118 shares of company stock worth $2,053,620. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in The Ensign Group during the 2nd quarter valued at about $31,000. EntryPoint Capital LLC purchased a new position in The Ensign Group in the 1st quarter worth approximately $34,000. Signaturefd LLC raised its holdings in The Ensign Group by 115.2% in the 3rd quarter. Signaturefd LLC now owns 284 shares of the company’s stock worth $41,000 after acquiring an additional 152 shares during the last quarter. LRI Investments LLC bought a new position in The Ensign Group in the 1st quarter valued at approximately $45,000. Finally, Canada Pension Plan Investment Board purchased a new stake in The Ensign Group during the 2nd quarter valued at $49,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Company Profile

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.