The Ensign Group, Inc. (ENSG) Price Target Increased to $27.00 by Analysts at Royal Bank Of Canada
The Ensign Group, Inc. (NASDAQ:ENSG) had its price target upped by Royal Bank Of Canada to $27.00 in a research report released on Monday. Royal Bank Of Canada currently has an outperform rating on the stock.
Other equities research analysts have also issued research reports about the company. TheStreet raised The Ensign Group from a c+ rating to a b rating in a research note on Monday, August 7th. BidaskClub downgraded The Ensign Group from a strong-buy rating to a buy rating in a report on Monday, July 31st. ValuEngine downgraded The Ensign Group from a buy rating to a hold rating in a report on Tuesday, November 14th. Cantor Fitzgerald boosted their price target on The Ensign Group from $23.00 to $27.00 and gave the company an overweight rating in a report on Thursday, November 9th. Finally, Zacks Investment Research cut The Ensign Group from a hold rating to a sell rating in a research report on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $24.50.
Shares of The Ensign Group (ENSG) opened at $23.99 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group has a 52 week low of $16.50 and a 52 week high of $24.34. The stock has a market capitalization of $1,216.32, a price-to-earnings ratio of 20.14 and a beta of 0.84.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Saturday, September 30th were paid a $0.043 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.17 annualized dividend and a dividend yield of 0.72%. The Ensign Group’s dividend payout ratio (DPR) is 18.89%.
In other The Ensign Group news, Director Antoinette T. Hubenette sold 2,500 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total value of $52,375.00. Following the completion of the sale, the director now owns 24,626 shares in the company, valued at approximately $515,914.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 3,566 shares of company stock valued at $75,957 in the last quarter. 6.20% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of ENSG. Pinebridge Investments L.P. increased its holdings in The Ensign Group by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock valued at $137,000 after buying an additional 38 shares during the period. UBS Asset Management Americas Inc. lifted its position in The Ensign Group by 0.4% during the second quarter. UBS Asset Management Americas Inc. now owns 16,262 shares of the company’s stock valued at $354,000 after purchasing an additional 62 shares during the period. Texas Permanent School Fund lifted its position in The Ensign Group by 0.5% during the second quarter. Texas Permanent School Fund now owns 34,797 shares of the company’s stock valued at $758,000 after purchasing an additional 157 shares during the period. Alliancebernstein L.P. lifted its position in The Ensign Group by 0.6% during the second quarter. Alliancebernstein L.P. now owns 66,938 shares of the company’s stock valued at $1,457,000 after purchasing an additional 400 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its position in The Ensign Group by 4.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,300 shares of the company’s stock valued at $246,000 after purchasing an additional 520 shares during the period. 84.57% of the stock is currently owned by institutional investors and hedge funds.
About The Ensign Group
The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.
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