Brokerages Set The Ensign Group, Inc. (ENSG) Price Target at $26.67

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have earned an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $26.20.

ENSG has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating and issued a $21.00 target price on shares of The Ensign Group in a research report on Tuesday, November 7th. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Cantor Fitzgerald upped their target price on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks set a $29.00 target price on The Ensign Group and gave the company a “buy” rating in a research report on Friday.

Shares of The Ensign Group (NASDAQ ENSG) traded up $1.84 on Wednesday, hitting $25.41. The stock had a trading volume of 543,432 shares, compared to its average volume of 222,069. The Ensign Group has a 12-month low of $16.50 and a 12-month high of $25.79. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $1,400.00, a price-to-earnings ratio of 33.00 and a beta of 0.82.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The Ensign Group had a net margin of 2.65% and a return on equity of 13.15%. The business had revenue of $471.59 million for the quarter, compared to analysts’ expectations of $445.95 million. research analysts forecast that The Ensign Group will post 1.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Sunday, December 31st were given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.71%. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date was Thursday, December 28th. The Ensign Group’s dividend payout ratio is presently 23.38%.

In related news, VP Barry Port sold 5,901 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $24.11, for a total value of $142,273.11. Following the transaction, the vice president now directly owns 125,584 shares of the company’s stock, valued at approximately $3,027,830.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Antoinette T. Hubenette sold 18,330 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $23.70, for a total value of $434,421.00. Following the sale, the director now directly owns 44,456 shares in the company, valued at $1,053,607.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,318 shares of company stock worth $1,648,075. 6.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. grew its position in The Ensign Group by 2.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 6,589,769 shares of the company’s stock worth $143,459,000 after purchasing an additional 170,072 shares during the period. BlackRock Inc. grew its position in The Ensign Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 6,156,602 shares of the company’s stock worth $136,676,000 after purchasing an additional 145,405 shares during the period. Vanguard Group Inc. grew its position in The Ensign Group by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,475,647 shares of the company’s stock worth $97,435,000 after purchasing an additional 102,129 shares during the period. Dimensional Fund Advisors LP grew its position in The Ensign Group by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,234,334 shares of the company’s stock worth $50,474,000 after purchasing an additional 47,217 shares during the period. Finally, State Street Corp grew its position in The Ensign Group by 5.5% during the 2nd quarter. State Street Corp now owns 1,289,881 shares of the company’s stock worth $28,076,000 after purchasing an additional 67,741 shares during the period. 83.86% of the stock is currently owned by institutional investors.

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About The Ensign Group

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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