The Ensign Group (NASDAQ:ENSG) Stock Gets Price Target Increase from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised The Ensign Group’s price target from $228 to $239 while maintaining an “outperform” rating, implying 30.96% potential upside from the previous close.
• Analyst sentiment remains favorable: ENSG has a consensus “Moderate Buy” rating from five Buy and two Hold recommendations, with an average price target of $220.80.
• The company reported quarterly EPS of $2.03, beating estimates by $0.06, while revenue increased 14.5% year over year to $1.48 billion; the stock recently traded at $182.49.

The Ensign Group (NASDAQ:ENSG - Get Free Report) had its price target lifted by stock analysts at Royal Bank Of Canada from $228.00 to $239.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 30.96% from the company's previous close.

ENSG has been the subject of a number of other research reports. UBS Group reissued a "buy" rating and issued a $240.00 price target (up from $230.00) on shares of The Ensign Group in a research note on Thursday. Truist Financial set a $210.00 price objective on shares of The Ensign Group and gave the stock a "hold" rating in a report on Thursday, October 29th. Oppenheimer upped their target price on shares of The Ensign Group from $210.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, October 29th. Weiss Ratings raised The Ensign Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Finally, Wall Street Zen raised The Ensign Group from a "hold" rating to a "buy" rating in a research note on Sunday, October 25th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $220.80.

The Ensign Group Price Performance

ENSG stock traded up $3.43 during mid-day trading on Tuesday, reaching $182.49. 25,079 shares of the company traded hands, compared to its average volume of 502,555. The company has a fifty day moving average price of $174.78 and a 200-day moving average price of $181.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.20 and a quick ratio of 1.21. The Ensign Group has a 52-week low of $141.58 and a 52-week high of $218.00. The company has a market capitalization of $10.65 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.74 and a beta of 0.66.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.97 by $0.06. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. The Ensign Group had a net margin of 7.03% and a return on equity of 16.79%. The Ensign Group's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. As a group, analysts anticipate that The Ensign Group will post 7.07 earnings per share for the current year.

Hedge Funds Weigh In On The Ensign Group

Several hedge funds have recently made changes to their positions in the business. Cedar Mountain Advisors LLC bought a new position in shares of The Ensign Group during the first quarter valued at $32,000. Transamerica Financial Advisors LLC purchased a new position in shares of The Ensign Group in the second quarter worth approximately $26,000. Caitlin John LLC purchased a new position in shares of The Ensign Group during the 2nd quarter worth $31,000. Northwestern Mutual Wealth Management Co. bought a new stake in The Ensign Group during the second quarter valued at about $33,000. Finally, Continuum Advisory LLC purchased a new stake in The Ensign Group in the 2nd quarter worth approximately $34,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

About The Ensign Group

The Ensign Group, Inc is a healthcare services company that provides skilled nursing, post-acute care and rehabilitation services. Its facilities serve patients recovering from illness, injury or surgery, as well as individuals requiring long-term nursing care and support with daily living.

Through its operating subsidiaries, Ensign also provides assisted living and other senior care services. Its portfolio includes skilled nursing facilities, senior living communities and related healthcare operations, with services such as physical, occupational and speech therapy, medically complex care and rehabilitation.

Founded in 1999 and headquartered in San Juan Capistrano, California, The Ensign Group operates healthcare facilities across multiple U.S.

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