Shares of The Ensign Group, Inc. (NASDAQ:ENSG) have received an average recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $44.80.

Several equities research analysts have recently issued reports on the company. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Oppenheimer increased their target price on The Ensign Group from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. ValuEngine lowered The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Finally, Zacks Investment Research lowered The Ensign Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 9th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in shares of The Ensign Group by 86.4% in the 4th quarter. Advisory Services Network LLC now owns 727 shares of the company’s stock worth $28,000 after buying an additional 337 shares during the period. Meeder Asset Management Inc. purchased a new position in The Ensign Group in the fourth quarter valued at about $29,000. FMR LLC raised its position in The Ensign Group by 65.5% in the fourth quarter. FMR LLC now owns 768 shares of the company’s stock valued at $30,000 after purchasing an additional 304 shares during the period. Macquarie Group Ltd. raised its position in The Ensign Group by 25.6% in the first quarter. Macquarie Group Ltd. now owns 1,005 shares of the company’s stock valued at $51,000 after purchasing an additional 205 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new position in The Ensign Group in the first quarter valued at about $53,000. 81.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of ENSG stock traded down $0.24 during mid-day trading on Tuesday, hitting $53.26. 262,979 shares of the company’s stock were exchanged, compared to its average volume of 345,839. The Ensign Group has a fifty-two week low of $34.69 and a fifty-two week high of $58.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.70 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The Ensign Group had a return on equity of 17.23% and a net margin of 4.59%. The business had revenue of $549.21 million for the quarter, compared to analysts’ expectations of $545.09 million. During the same quarter last year, the firm earned $0.45 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. As a group, analysts anticipate that The Ensign Group will post 2.1 earnings per share for the current fiscal year.

The Ensign Group Company Profile

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in 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, such as 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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