The Ensign Group (NASDAQ:ENSG) Stock Gets Price Target Boost from Royal Bank Of Canada

The Ensign Group (NASDAQ:ENSG) had its price target upped by analysts at Royal Bank Of Canada from $228.00 to $239.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s target price points to a potential upside of 30.96% from the stock’s previous close.

ENSG has been the subject of several other research reports. Wall Street Zen upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Oppenheimer upped their target price on shares of The Ensign Group from $210.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Weiss Ratings upgraded shares of The Ensign Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. UBS Group reaffirmed a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of The Ensign Group in a report on Thursday. Finally, Truist Financial set a $210.00 price target on The Ensign Group and gave the stock a “hold” rating in a research report on Thursday, October 29th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, The Ensign Group has an average rating of “Moderate Buy” and an average target price of $220.80.

The Ensign Group Price Performance

NASDAQ:ENSG traded up $3.43 during trading hours on Tuesday, reaching $182.49. The stock had a trading volume of 25,079 shares, compared to its average volume of 502,555. The stock has a market capitalization of $10.65 billion, a PE ratio of 27.16, a PEG ratio of 1.74 and a beta of 0.66. The Ensign Group has a 52 week low of $141.58 and a 52 week high of $218.00. The company has a 50 day moving average price of $174.78 and a two-hundred day moving average price of $181.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.21 and a current ratio of 1.20.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Tuesday, October 27th. The company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.06. The Ensign Group had a return on equity of 16.79% and a net margin of 7.03%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $1.64 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Ensign Group will post 7.07 earnings per share for the current fiscal year.

Institutional Trading of The Ensign Group

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in The Ensign Group during the second quarter worth $937,218,000. Wasatch Advisors LP increased its holdings in shares of The Ensign Group by 10.7% in the second quarter. Wasatch Advisors LP now owns 2,278,324 shares of the company’s stock valued at $365,215,000 after purchasing an additional 220,329 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in The Ensign Group by 7.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 457,667 shares of the company’s stock worth $92,220,000 after buying an additional 30,521 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of The Ensign Group in the 2nd quarter valued at $65,470,000. Finally, Paradigm Capital Management Inc. NY purchased a new stake in shares of The Ensign Group in the 2nd quarter valued at $54,742,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

The Ensign Group Company Profile

The Ensign Group, Inc is a healthcare services company that provides skilled nursing, post-acute care and rehabilitation services. Its facilities serve patients recovering from illness, injury or surgery, as well as individuals requiring long-term nursing care and support with daily living.

Through its operating subsidiaries, Ensign also provides assisted living and other senior care services. Its portfolio includes skilled nursing facilities, senior living communities and related healthcare operations, with services such as physical, occupational and speech therapy, medically complex care and rehabilitation.

Founded in 1999 and headquartered in San Juan Capistrano, California, The Ensign Group operates healthcare facilities across multiple U.S.