The Ensign Group Inc. (ENSG) Upgraded to “Hold” at Zacks Investment Research
The Ensign Group Inc. (NASDAQ:ENSG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time. “
A number of other analysts have also recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of The Ensign Group in a research note on Friday, September 9th. SunTrust Banks Inc. lowered their price target on The Ensign Group from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, TheStreet raised The Ensign Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The Ensign Group currently has a consensus rating of “Buy” and an average price target of $25.00.
The Ensign Group (NASDAQ:ENSG) traded up 0.25% during mid-day trading on Tuesday, reaching $20.15. 205,595 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $19.85 and a 200 day moving average price of $20.90. The Ensign Group has a 52-week low of $17.60 and a 52-week high of $25.09. The company has a market cap of $1.02 billion, a PE ratio of 22.34 and a beta of 0.68.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The company earned $410.51 million during the quarter, compared to analysts’ expectations of $400.19 million. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The Ensign Group’s revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Equities analysts predict that The Ensign Group will post $1.38 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.16 dividend on an annualized basis and a yield of 0.79%. The Ensign Group’s payout ratio is 17.49%.
A number of hedge funds have recently bought and sold shares of ENSG. Virginia Retirement System acquired a new stake in The Ensign Group during the first quarter worth about $1,175,000. Teachers Advisors Inc. boosted its stake in The Ensign Group by 6.2% in the first quarter. Teachers Advisors Inc. now owns 78,003 shares of the company’s stock worth $1,766,000 after buying an additional 4,525 shares during the last quarter. BlackRock Group LTD boosted its stake in The Ensign Group by 11.1% in the first quarter. BlackRock Group LTD now owns 49,126 shares of the company’s stock worth $1,113,000 after buying an additional 4,918 shares during the last quarter. Royce & Associates LP boosted its stake in The Ensign Group by 286.8% in the first quarter. Royce & Associates LP now owns 697,324 shares of the company’s stock worth $15,787,000 after buying an additional 517,064 shares during the last quarter. Finally, Huntington Asset Advisors Inc. acquired a new stake in The Ensign Group during the first quarter worth about $487,000. 84.62% of the stock is owned by institutional investors and hedge funds.
About The Ensign Group
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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