The Ensign Group Inc. (ENSG) Stock Rating Upgraded by Zacks Investment Research
The Ensign Group Inc. (NASDAQ:ENSG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
ENSG has been the subject of a number of other research reports. TheStreet upgraded The Ensign Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Cantor Fitzgerald restated a “buy” rating and set a $22.00 target price on shares of The Ensign Group in a report on Wednesday, August 3rd. Finally, SunTrust Banks Inc. decreased their target price on The Ensign Group from $27.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The Ensign Group currently has an average rating of “Buy” and a consensus price target of $25.00.
The Ensign Group (NASDAQ:ENSG) opened at 21.96 on Wednesday. The firm has a 50 day moving average of $19.88 and a 200 day moving average of $20.20. The Ensign Group has a 12-month low of $17.60 and a 12-month high of $24.84. The firm has a market capitalization of $1.11 billion, a P/E ratio of 25.51 and a beta of 0.92.
The Ensign Group (NASDAQ:ENSG) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The Ensign Group had a net margin of 2.84% and a return on equity of 15.43%. The company earned $428.07 million during the quarter, compared to the consensus estimate of $427.01 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, analysts forecast that The Ensign Group will post $1.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 31st. Investors of record on Friday, September 30th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.16 annualized dividend and a yield of 0.73%. The Ensign Group’s payout ratio is 18.39%.
Large investors have recently modified their holdings of the company. PineBridge Investments L.P. boosted its stake in shares of The Ensign Group by 5.7% in the second quarter. PineBridge Investments L.P. now owns 5,926 shares of the company’s stock valued at $125,000 after buying an additional 319 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in The Ensign Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,806 shares of the company’s stock worth $143,000 after buying an additional 821 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Ensign Group by 4.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,447 shares of the company’s stock worth $150,000 after buying an additional 303 shares in the last quarter. Mason Street Advisors LLC bought a new stake in The Ensign Group during the second quarter worth approximately $192,000. Finally, SG Americas Securities LLC bought a new stake in The Ensign Group during the third quarter worth approximately $259,000. 85.19% of the stock is currently owned by institutional investors.
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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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