Royal Bank of Canada Increases The Ensign Group (NASDAQ:ENSG) Price Target to $167.00

The Ensign Group (NASDAQ:ENSG) had its price target boosted by Royal Bank of Canada from $133.00 to $167.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 12.24% from the company’s current price.

A number of other equities research analysts have also issued reports on ENSG. Macquarie initiated coverage on The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 target price on the stock. 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 research report on Wednesday, July 31st. Finally, Oppenheimer boosted their target price on The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, The Ensign Group has a consensus rating of “Moderate Buy” and a consensus target price of $152.20.

The Ensign Group Stock Up 0.7 %

ENSG opened at $148.79 on Monday. The Ensign Group has a one year low of $92.69 and a one year high of $154.93. 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 stock’s fifty day moving average is $148.03 and its 200-day moving average is $133.04. The company has a market capitalization of $8.47 billion, a PE ratio of 39.16, a P/E/G ratio of 1.96 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 EPS. On average, equities analysts predict that The Ensign Group will post 4.99 EPS for the current fiscal year.

Insider Activity

In other news, CEO Barry Port sold 3,000 shares of The Ensign Group stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $140.00, for a total transaction of $420,000.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at approximately $7,520,240. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other The Ensign Group news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now owns 29,125 shares in the company, valued at $4,127,303.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Barry Port sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $140.00, for a total value of $420,000.00. Following the completion of the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $7,520,240. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,118 shares of company stock worth $2,053,620. 3.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in The Ensign Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 6,661,581 shares of the company’s stock valued at $828,834,000 after purchasing an additional 39,695 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of The Ensign Group by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,322,526 shares of the company’s stock worth $163,577,000 after buying an additional 35,862 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in shares of The Ensign Group by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 877,211 shares of the company’s stock worth $108,502,000 after buying an additional 18,412 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of The Ensign Group by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 571,532 shares of the company’s stock worth $70,693,000 after buying an additional 59,933 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of The Ensign Group by 36.3% in the fourth quarter. Wellington Management Group LLP now owns 403,033 shares of the company’s stock worth $45,224,000 after buying an additional 107,317 shares during the last quarter. Hedge funds and other 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.