UBS Group Initiates Coverage on The Ensign Group (NASDAQ:ENSG)

Equities researchers at UBS Group initiated coverage on shares of The Ensign Group (NASDAQ:ENSG - Get Free Report) in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $175.00 price target on the stock. UBS Group's target price suggests a potential upside of 20.97% from the company's current price.

ENSG has been the subject of a number of other reports. Oppenheimer increased their price target on The Ensign Group from $165.00 to $168.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a research note on Monday, October 28th. Stephens upped their price target on The Ensign Group from $163.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, October 28th. Finally, Truist Financial increased their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $164.33.

The Ensign Group Trading Up 0.1 %

Shares of The Ensign Group stock opened at $144.66 on Thursday. The stock's 50 day simple moving average is $148.98 and its 200-day simple moving average is $137.57. The stock has a market cap of $8.29 billion, a P/E ratio of 35.03, a P/E/G ratio of 1.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The Ensign Group has a 1-year low of $104.18 and a 1-year high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The business's revenue for the quarter was up 15.0% on a year-over-year basis. Analysts predict that The Ensign Group will post 5.02 EPS for the current fiscal year.

Insider Activity at The Ensign Group

In related news, CEO Barry Port sold 2,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $8,325,980. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by corporate insiders.

Institutional Trading of The Ensign Group

Institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in The Ensign Group during the 2nd quarter worth $31,000. EntryPoint Capital LLC acquired a new position in shares of The Ensign Group in the first quarter worth $34,000. Signaturefd LLC lifted its holdings in The Ensign Group by 115.2% in the 3rd quarter. Signaturefd LLC now owns 284 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares in the last quarter. LRI Investments LLC purchased a new position in shares of The Ensign Group during the first quarter valued at approximately $45,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of The Ensign Group during the 2nd quarter worth $49,000. 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.

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