The Ensign Group (NASDAQ:ENSG) Given New $165.00 Price Target at Truist Financial

Key Points

• Truist Financial has increased its price target for The Ensign Group (NASDAQ:ENSG) from $155.00 to $165.00, suggesting a potential upside of 10.01% from the stock's previous close.
• The stock currently holds a consensus rating of "Moderate Buy" with a consensus price target of $167.67, indicating strong confidence from analysts.
• For the latest quarter, The Ensign Group reported an EPS of $1.59, exceeding consensus estimates, and generated revenue of $1.23 billion, up 18.5% year-over-year.

The Ensign Group (NASDAQ:ENSG - Get Free Report) had its target price boosted by Truist Financial from $155.00 to $165.00 in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price target indicates a potential upside of 8.73% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. Macquarie dropped their price objective on shares of The Ensign Group from $159.00 to $156.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Stephens increased their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy 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 $167.67.

The Ensign Group Stock Performance

Shares of The Ensign Group stock traded up $1.75 on Monday, reaching $151.75. The stock had a trading volume of 558,365 shares, compared to its average volume of 431,374. The business's 50-day moving average price is $148.27 and its two-hundred day moving average price is $138.05. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41. The Ensign Group has a fifty-two week low of $118.73 and a fifty-two week high of $158.45. The stock has a market cap of $8.76 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The Ensign Group's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.32 earnings per share. On average, sell-side analysts forecast that The Ensign Group will post 5.59 EPS for the current year.

Insider Activity at The Ensign Group

In other The Ensign Group news, CFO Suzanne D. Snapper sold 8,379 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the completion of the sale, the chief financial officer owned 269,692 shares in the company, valued at approximately $39,971,051.32. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $153.48, for a total transaction of $107,436.00. Following the completion of the sale, the director owned 27,852 shares of the company's stock, valued at $4,274,724.96. The trade was a 2.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,336 shares of company stock worth $2,902,377. 3.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ENSG. Rise Advisors LLC boosted its stake 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. TCTC Holdings LLC boosted its stake 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. WPG Advisers LLC bought a new position in shares of The Ensign Group in the 1st quarter valued at about $27,000. Financial Management Professionals Inc. bought a new position in shares of The Ensign Group in the 2nd quarter valued at about $28,000. Finally, Opal Wealth Advisors LLC bought a new position in The Ensign Group during the 1st quarter worth approximately $36,000. 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.