The Ensign Group, Inc. (ENSG) Price Target Raised to $27.00

The Ensign Group, Inc. (NASDAQ:ENSG) had its price target boosted by Cantor Fitzgerald from $23.00 to $27.00 in a report released on Thursday. The brokerage currently has an overweight rating on the stock.

“Adjusting outlook. We are trimming our 2017 EPS estimate to $1.42 from $1.45, but are raising our 2018 estimate to $1.65 from $1.60 to reflect stronger recent revenue growth in ENSG’s core skilled nursing business, as well as its ancillary businesses.”,” the firm’s analyst wrote.

A number of other analysts have also weighed in on ENSG. BidaskClub lowered shares of The Ensign Group from a strong-buy rating to a buy rating in a research report on Monday, July 31st. Zacks Investment Research lowered shares of The Ensign Group from a hold rating to a sell rating in a research report on Tuesday, August 8th. TheStreet raised shares of The Ensign Group from a c+ rating to a b rating in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $21.00 price objective on shares of The Ensign Group in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $23.00.

The Ensign Group (NASDAQ:ENSG) traded down $0.04 during trading on Thursday, reaching $23.20. 121,800 shares of the company were exchanged, compared to its average volume of 155,041. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.58. The Ensign Group has a 12 month low of $16.50 and a 12 month high of $23.96. The stock has a market cap of $1,187.17, a price-to-earnings ratio of 19.66 and a beta of 0.84.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Saturday, September 30th were given a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is currently 18.89%.

In other news, Director Antoinette T. Hubenette sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total transaction of $52,375.00. Following the transaction, the director now directly owns 24,626 shares of the company’s stock, valued at $515,914.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 3,566 shares of company stock worth $75,957. Corporate insiders own 6.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Riverhead Capital Management LLC increased its position in shares of The Ensign Group by 86.6% during the second quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock worth $102,000 after acquiring an additional 2,164 shares during the period. SG Americas Securities LLC purchased a new position in shares of The Ensign Group during the third quarter worth approximately $104,000. UBS Group AG increased its position in shares of The Ensign Group by 93.9% during the first quarter. UBS Group AG now owns 6,986 shares of the company’s stock worth $131,000 after acquiring an additional 3,383 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of The Ensign Group during the first quarter worth approximately $131,000. Finally, Pinebridge Investments L.P. increased its position in shares of The Ensign Group by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock worth $137,000 after acquiring an additional 38 shares during the period. 84.06% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Company Profile

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.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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