The Ensign Group, Inc. (NASDAQ:ENSG) Receives $194.00 Average Price Target from Analysts

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $196.40.

Several research analysts recently weighed in on ENSG shares. Truist Financial boosted their price objective on shares of The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, November 10th. Stephens upped their price target on The Ensign Group from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $206.00 price target (up previously from $177.00) on shares of The Ensign Group in a report on Friday. UBS Group restated a “buy” rating and set a $220.00 target price (up from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Ensign Group in a research note on Wednesday, October 8th.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $177.89 on Friday. The Ensign Group has a twelve month low of $118.73 and a twelve month high of $193.99. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The stock has a market cap of $10.30 billion, a P/E ratio of 32.28, a PEG ratio of 2.10 and a beta of 0.94. The company’s 50-day simple moving average is $176.44 and its 200 day simple moving average is $160.61.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. As a group, research analysts forecast that The Ensign Group will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, September 30th. The Ensign Group’s payout ratio is currently 4.47%.

Insider Activity

In other news, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $180.64, for a total transaction of $126,448.00. Following the completion of the transaction, the director directly owned 25,052 shares in the company, valued at approximately $4,525,393.28. The trade was a 2.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John O. Agwunobi sold 246 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $188.87, for a total transaction of $46,462.02. Following the completion of the sale, the director owned 8,879 shares in the company, valued at $1,676,976.73. This represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,034 shares of company stock valued at $5,423,448 in the last 90 days. 3.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On The Ensign Group

Several institutional investors and hedge funds have recently made changes to their positions in ENSG. Rise Advisors LLC raised its stake in The Ensign Group by 114.0% during the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after buying an additional 106 shares during the period. TCTC Holdings LLC raised its position in shares of The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the period. WPG Advisers LLC bought a new position in shares of The Ensign Group during the 1st quarter valued at about $27,000. Financial Management Professionals Inc. acquired a new position in shares of The Ensign Group in the 2nd quarter valued at approximately $28,000. Finally, Steward Partners Investment Advisory LLC increased its stake in The Ensign Group by 638.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

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.