Truist Financial Forecasts Strong Price Appreciation for The Ensign Group (NASDAQ:ENSG) Stock

The Ensign Group (NASDAQ:ENSG) had its target price increased by investment analysts at Truist Financial from $155.00 to $165.00 in a report released on Monday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would suggest a potential upside of 8.73% from the company’s previous close.

Several other equities research analysts also recently commented on ENSG. Macquarie reduced their price target on shares of The Ensign Group from $159.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Stephens increased their target price on The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $167.67.

The Ensign Group Price Performance

Shares of NASDAQ ENSG traded up $1.75 during mid-day trading on Monday, reaching $151.75. The company had a trading volume of 558,365 shares, compared to its average volume of 434,085. The company has a 50-day moving average price of $148.13 and a two-hundred day moving average price of $137.93. The stock has a market cap of $8.76 billion, a PE ratio of 27.54, a P/E/G ratio of 1.75 and a beta of 1.03. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The Ensign Group has a 1-year low of $118.73 and a 1-year high of $158.45.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%. The Ensign Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $1.32 EPS. On average, equities analysts anticipate that The Ensign Group will post 5.59 earnings per share for the current year.

Insider Activity at The Ensign Group

In other The Ensign Group news, CFO Suzanne D. Snapper sold 8,379 shares of the company’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.21, for a total value of $1,241,851.59. Following the transaction, the chief financial officer directly owned 269,692 shares of the company’s stock, valued at $39,971,051.32. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Beverly B. Wittekind sold 4,719 shares of The Ensign Group stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total value of $731,445.00. Following the sale, the vice president owned 38,679 shares of the company’s stock, valued at approximately $5,995,245. This represents a 10.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,336 shares of company stock worth $2,902,377. Corporate insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On The Ensign Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENSG. Rise Advisors LLC boosted its position in The Ensign Group by 114.0% during the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after purchasing an additional 106 shares during the period. TCTC Holdings LLC boosted its holdings in shares of The Ensign Group by 116.7% during the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after buying an additional 112 shares during the period. WPG Advisers LLC acquired a new position in The Ensign Group in the 1st quarter valued at $27,000. Financial Management Professionals Inc. acquired a new position in The Ensign Group in the 2nd quarter valued at $28,000. Finally, Opal Wealth Advisors LLC bought a new position in The Ensign Group in the 1st quarter worth $36,000. 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.