The Ensign Group (NASDAQ:ENSG) Price Target Raised to $200.00 at Stephens

The Ensign Group (NASDAQ:ENSG) had its price objective raised by equities research analysts at Stephens from $185.00 to $200.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 6.65% from the stock’s previous close.

Several other brokerages have also recently issued reports on ENSG. Truist Financial set a $190.00 target price on shares of The Ensign Group in a report on Tuesday, October 14th. UBS Group increased their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.75.

The Ensign Group Trading Up 1.9%

Shares of NASDAQ ENSG traded up $3.55 during mid-day trading on Wednesday, reaching $187.53. The company had a trading volume of 20,173 shares, compared to its average volume of 417,642. The business’s 50-day moving average is $175.05 and its 200-day moving average is $157.46. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The Ensign Group has a 52 week low of $118.73 and a 52 week high of $193.84.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $1.39 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Equities analysts expect that The Ensign Group will post 5.59 earnings per share for the current year.

Insider Activity at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the completion of the transaction, the director directly owned 27,052 shares of the company’s stock, valued at $4,654,567.12. This trade represents a 2.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is owned by insiders.

Hedge Funds Weigh In On The Ensign Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new position in shares of The Ensign Group in the 2nd quarter valued at approximately $28,000. Rise Advisors LLC raised its position in shares of The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company’s stock valued at $26,000 after purchasing an additional 106 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of The Ensign Group in the 3rd quarter valued at approximately $35,000. WPG Advisers LLC purchased a new position in shares of The Ensign Group in the 1st quarter valued at approximately $27,000. Finally, TCTC Holdings LLC raised its position in shares of The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock valued at $27,000 after purchasing an additional 112 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

About The Ensign Group

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.