The Ensign Group (NASDAQ:ENSG) Given New $135.00 Price Target at Oppenheimer

The Ensign Group (NASDAQ:ENSG) had its target price boosted by equities research analysts at Oppenheimer from $130.00 to $135.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 14.46% from the company’s previous close.

ENSG has been the topic of a number of other reports. Stephens reiterated an “overweight” rating and set a $135.00 price target on shares of The Ensign Group in a research note on Tuesday, April 23rd. Royal Bank of Canada lifted their price objective on The Ensign Group from $112.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average price target of $124.60.

The Ensign Group Stock Performance

Shares of ENSG opened at $117.95 on Monday. The stock has a market capitalization of $6.71 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group has a 1 year low of $87.14 and a 1 year high of $127.57. The company’s fifty day moving average is $121.08 and its two-hundred day moving average is $114.80.

Insider Buying and Selling

In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $117.56, for a total value of $1,269,648.00. Following the completion of the transaction, the chairman now directly owns 147,400 shares of the company’s stock, valued at $17,328,344. The sale was disclosed in a filing with the SEC, which is available at this link. In other The Ensign Group news, Chairman Christopher R. Christensen sold 10,800 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $117.56, for a total value of $1,269,648.00. Following the sale, the chairman now owns 147,400 shares of the company’s stock, valued at $17,328,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Beverly B. Wittekind sold 10,000 shares of The Ensign Group stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the transaction, the vice president now directly owns 37,912 shares of the company’s stock, valued at approximately $4,611,994.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,263 shares of company stock valued at $3,735,086. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On The Ensign Group

Hedge funds have recently modified their holdings of the company. Scarborough Advisors LLC purchased a new stake in The Ensign Group in the 4th quarter worth approximately $35,000. Carmel Capital Partners LLC purchased a new stake in shares of The Ensign Group in the third quarter valued at $30,000. YHB Investment Advisors Inc. acquired a new position in The Ensign Group in the first quarter valued at $50,000. Global Retirement Partners LLC lifted its position in The Ensign Group by 43.3% during the fourth quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock worth $55,000 after buying an additional 142 shares during the period. Finally, Assetmark Inc. boosted its stake in The Ensign Group by 1,126.8% in the 4th quarter. Assetmark Inc. now owns 503 shares of the company’s stock worth $56,000 after buying an additional 462 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

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.