The Ensign Group (ENSG) Raised to “Buy” at BidaskClub

The Ensign Group (NASDAQ:ENSG) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Stifel Nicolaus set a $34.00 price target on shares of The Ensign Group and gave the stock a “hold” rating in a research report on Thursday, August 16th. Stephens reissued a “buy” rating and set a $41.00 price target on shares of The Ensign Group in a research report on Sunday, August 5th. SunTrust Banks reissued a “buy” rating and set a $41.00 price target on shares of The Ensign Group in a research report on Friday, August 3rd. Finally, ValuEngine cut shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $38.13.

Shares of NASDAQ ENSG opened at $37.50 on Friday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 31.25, a P/E/G ratio of 1.47 and a beta of 0.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The Ensign Group has a 1-year low of $20.81 and a 1-year high of $40.09.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $496.40 million during the quarter, compared to analyst estimates of $496.61 million. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. sell-side analysts expect that The Ensign Group will post 1.71 earnings per share for the current year.

In other news, CEO Christopher R. Christensen sold 21,241 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $37.42, for a total value of $794,838.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher R. Christensen sold 84,472 shares of the company’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $37.65, for a total transaction of $3,180,370.80. The disclosure for this sale can be found here. Insiders have sold a total of 154,149 shares of company stock worth $5,825,750 over the last three months. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of The Ensign Group by 3.2% in the 2nd quarter. Northern Trust Corp now owns 803,542 shares of the company’s stock valued at $28,782,000 after purchasing an additional 24,572 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of The Ensign Group by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 691,990 shares of the company’s stock valued at $24,788,000 after purchasing an additional 31,850 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of The Ensign Group by 3.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 237,720 shares of the company’s stock valued at $8,515,000 after purchasing an additional 7,378 shares during the period. WINTON GROUP Ltd bought a new stake in shares of The Ensign Group in the 2nd quarter valued at about $16,497,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of The Ensign Group by 14,877.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock valued at $103,000 after purchasing an additional 237,738 shares during the period. 84.59% of the stock is currently owned by institutional investors.

About The Ensign Group

The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

Further Reading: Understanding Analyst Recommendations

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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