The Ensign Group (NASDAQ:ENSG) received a $34.00 target price from investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential downside of 8.53% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Oppenheimer boosted their price objective on shares of The Ensign Group from $31.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 22nd. Citigroup boosted their price objective on shares of The Ensign Group from $31.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 22nd. Cantor Fitzgerald boosted their price objective on shares of The Ensign Group to $35.00 and gave the stock an “overweight” rating in a research report on Friday, May 4th. Zacks Investment Research lowered shares of The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine upgraded shares of The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 1st. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $36.50.

NASDAQ:ENSG opened at $37.17 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The Ensign Group has a fifty-two week low of $19.40 and a fifty-two week high of $40.09. The firm has a market cap of $1.87 billion, a PE ratio of 31.24, a P/E/G ratio of 1.40 and a beta of 0.62.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The business had revenue of $496.40 million for the quarter, compared to analyst estimates of $496.61 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities research analysts expect that The Ensign Group will post 1.72 earnings per share for the current fiscal year.

In other The Ensign Group news, CFO Suzanne D. Snapper sold 3,273 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $35.00, for a total value of $114,555.00. Following the transaction, the chief financial officer now directly owns 124,263 shares in the company, valued at approximately $4,349,205. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher R. Christensen sold 84,472 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $37.65, for a total transaction of $3,180,370.80. The disclosure for this sale can be found here. Insiders sold a total of 110,726 shares of company stock worth $4,152,374 over the last quarter. Insiders own 6.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. lifted its holdings in The Ensign Group by 18.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,512 shares of the company’s stock valued at $302,000 after purchasing an additional 1,758 shares in the last quarter. Quantbot Technologies LP purchased a new position in The Ensign Group in the 1st quarter valued at about $105,000. Deutsche Bank AG lifted its holdings in The Ensign Group by 147.8% in the 4th quarter. Deutsche Bank AG now owns 118,003 shares of the company’s stock valued at $2,617,000 after purchasing an additional 70,382 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in The Ensign Group by 9.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 347,716 shares of the company’s stock valued at $9,145,000 after purchasing an additional 30,481 shares in the last quarter. Finally, Monarch Partners Asset Management LLC lifted its holdings in The Ensign Group by 56.9% in the 1st quarter. Monarch Partners Asset Management LLC now owns 135,305 shares of the company’s stock valued at $3,559,000 after purchasing an additional 49,075 shares in the last quarter. Institutional investors own 83.15% of the company’s stock.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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