Truist Financial Lowers The Ensign Group (NASDAQ:ENSG) Price Target to $155.00

The Ensign Group (NASDAQ:ENSG - Get Free Report) had its target price reduced by analysts at Truist Financial from $170.00 to $155.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective would suggest a potential upside of 19.18% from the company's current price.

Other research analysts have also issued research reports about the company. Royal Bank of Canada raised their price objective on The Ensign Group from $167.00 to $172.00 and gave the company an "outperform" rating in a research report on Monday, October 28th. UBS Group assumed coverage on The Ensign Group in a report on Thursday, November 21st. They set a "buy" rating and a $175.00 price target for the company. Oppenheimer upped their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Stephens increased their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.83.

The Ensign Group Stock Down 1.8 %

Shares of NASDAQ ENSG traded down $2.44 during mid-day trading on Monday, hitting $130.06. 619,765 shares of the stock traded hands, compared to its average volume of 476,488. The stock has a fifty day moving average price of $143.09 and a 200-day moving average price of $142.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 1.90 and a beta of 0.93. The Ensign Group has a 52 week low of $110.71 and a 52 week high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The company's revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Research analysts anticipate that The Ensign Group will post 5.03 EPS for the current year.

Insider Buying and Selling at The Ensign Group

In related news, Director Barry M. Smith sold 700 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $133.43, for a total transaction of $93,401.00. Following the completion of the sale, the director now owns 30,852 shares in the company, valued at approximately $4,116,582.36. This represents a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Port sold 2,000 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $155.00, for a total value of $310,000.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,325,980. The trade was a 3.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.90% of the company's stock.

Institutional Investors Weigh In On The Ensign Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Synovus Financial Corp grew its position in The Ensign Group by 90.2% during the third quarter. Synovus Financial Corp now owns 14,618 shares of the company's stock valued at $2,102,000 after buying an additional 6,931 shares during the period. Icon Wealth Advisors LLC boosted its stake in shares of The Ensign Group by 210.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 9,648 shares of the company's stock worth $1,388,000 after acquiring an additional 6,545 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of The Ensign Group by 67.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 13,924 shares of the company's stock valued at $2,038,000 after acquiring an additional 5,632 shares during the period. Crewe Advisors LLC grew its position in shares of The Ensign Group by 0.9% during the 3rd quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company's stock valued at $159,740,000 after acquiring an additional 10,221 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of The Ensign Group in the 2nd quarter worth $3,500,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

The Ensign Group Company Profile

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.