Oppenheimer Increases The Ensign Group (NASDAQ:ENSG) Price Target to $168.00

The Ensign Group (NASDAQ:ENSG) had its price target boosted by research analysts at Oppenheimer from $165.00 to $168.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 8.44% from the company’s previous close.

ENSG has been the topic of several other research reports. Truist Financial boosted their target price on The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of The Ensign Group from $133.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Macquarie initiated coverage on shares of The Ensign Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target on the stock. 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 MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and a consensus price target of $152.80.

The Ensign Group Price Performance

NASDAQ:ENSG traded up $6.08 during midday trading on Friday, hitting $154.93. 153,022 shares of the stock were exchanged, compared to its average volume of 368,282. The Ensign Group has a one year low of $92.69 and a one year high of $155.68. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 1.96 and a beta of 0.96. The business has a 50-day moving average price of $148.37 and a two-hundred day moving average price of $133.27. 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 (NASDAQ:ENSG) last announced its earnings results on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts predict that The Ensign Group will post 4.99 EPS for the current year.

Insiders Place Their Bets

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of The Ensign Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at approximately $8,057,400. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,118 shares of company stock worth $2,053,620. 3.90% of the stock is owned by insiders.

Hedge Funds Weigh In On The Ensign Group

Hedge funds have recently modified their holdings of the stock. Entropy Technologies LP acquired a new position in shares of The Ensign Group in the first quarter worth $792,000. Harbor Capital Advisors Inc. boosted its holdings in The Ensign Group by 294.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company’s stock worth $1,203,000 after purchasing an additional 7,262 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in The Ensign Group by 14.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company’s stock worth $6,486,000 after purchasing an additional 6,583 shares in the last quarter. Renaissance Technologies LLC bought a new stake in The Ensign Group in the second quarter worth $3,500,000. Finally, Quantbot Technologies LP bought a new stake in The Ensign Group in the first quarter worth $1,599,000. 96.12% of the stock is owned by institutional investors and hedge funds.

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.