The Ensign Group Inc. (NASDAQ:ENSG) Given Consensus Recommendation of “Buy” by Brokerages
The Ensign Group Inc. (NASDAQ:ENSG) has earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $26.67.
ENSG has been the topic of several research reports. Zacks Investment Research raised The Ensign Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, July 5th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $22.00 price target on shares of The Ensign Group in a report on Wednesday, August 3rd. TheStreet raised shares of The Ensign Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Finally, SunTrust Banks Inc. lowered their price target on shares of The Ensign Group from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 4th.
Several large investors have recently bought and sold shares of ENSG. FMR LLC raised its stake in The Ensign Group by 2.5% in the second quarter. FMR LLC now owns 4,312,300 shares of the company’s stock valued at $90,601,000 after buying an additional 104,200 shares during the last quarter. Vanguard Group Inc. raised its stake in The Ensign Group by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,819,608 shares of the company’s stock valued at $80,251,000 after buying an additional 113,369 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in The Ensign Group by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,868,457 shares of the company’s stock valued at $39,256,000 after buying an additional 80,297 shares during the last quarter. State Street Corp raised its stake in The Ensign Group by 2.4% in the first quarter. State Street Corp now owns 1,154,848 shares of the company’s stock valued at $26,143,000 after buying an additional 27,404 shares during the last quarter. Finally, Royce & Associates LP raised its stake in The Ensign Group by 54.8% in the second quarter. Royce & Associates LP now owns 1,079,581 shares of the company’s stock valued at $22,682,000 after buying an additional 382,257 shares during the last quarter. 84.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of The Ensign Group (NASDAQ:ENSG) opened at 20.15 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 22.34 and a beta of 0.68. The Ensign Group has a 12-month low of $17.60 and a 12-month high of $25.09. The firm’s 50-day moving average price is $19.88 and its 200-day moving average price is $20.89.
The Ensign Group (NASDAQ:ENSG) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The firm had revenue of $410.51 million for the quarter, compared to the consensus estimate of $400.19 million. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s revenue was up 32.0% on a year-over-year basis. On average, analysts expect that The Ensign Group will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, September 28th. The Ensign Group’s payout ratio is currently 17.49%.
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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