UBS Group Forecasts Strong Price Appreciation for The Ensign Group (NASDAQ:ENSG) Stock

Key Points

• UBS Group has increased its price target for The Ensign Group (NASDAQ:ENSG) from $195.00 to $205.00, indicating a potential upside of 17.50% from its previous close.
• Recent earnings reports show The Ensign Group beat analyst expectations with an EPS of $1.59 and a revenue of $1.23 billion, reflecting an 18.5% year-over-year increase.
• The stock currently receives a consensus rating of "Moderate Buy" from analysts, with an average target price of $172.67 based on evaluations from five analysts.

The Ensign Group (NASDAQ:ENSG - Get Free Report) had its price objective lifted by analysts at UBS Group from $195.00 to $205.00 in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. UBS Group's target price points to a potential upside of 17.82% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a report on Monday, July 28th. Stephens lifted their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $172.67.

The Ensign Group Stock Performance

Shares of The Ensign Group stock traded up $0.99 during trading on Tuesday, hitting $173.99. 352,141 shares of the company's stock were exchanged, compared to its average volume of 345,086. 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 business has a 50-day simple moving average of $156.29 and a 200-day simple moving average of $143.50. The Ensign Group has a 52-week low of $118.73 and a 52-week high of $174.98. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 2.00 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.05. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the company earned $1.32 earnings per share. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, research analysts forecast that The Ensign Group will post 5.59 EPS for the current year.

Insider Transactions at The Ensign Group

In other news, VP Beverly B. Wittekind sold 4,719 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $155.00, for a total transaction of $731,445.00. Following the completion of the sale, the vice president owned 38,679 shares of the company's stock, valued at $5,995,245. The trade was a 10.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Suzanne D. Snapper sold 8,379 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $148.21, for a total transaction of $1,241,851.59. Following the sale, the chief financial officer directly owned 269,692 shares of the company's stock, valued at approximately $39,971,051.32. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,498 shares of company stock valued at $2,201,175 over the last 90 days. Corporate insiders own 3.90% of the company's stock.

Hedge Funds Weigh In On The Ensign Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its holdings in The Ensign Group by 755.7% in the 2nd quarter. Osaic Holdings Inc. now owns 37,837 shares of the company's stock valued at $5,837,000 after purchasing an additional 33,415 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in The Ensign Group by 1.8% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 9,474 shares of the company's stock valued at $1,461,000 after purchasing an additional 168 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in The Ensign Group in the 2nd quarter valued at about $1,928,000. B. Riley Wealth Advisors Inc. acquired a new position in The Ensign Group in the 2nd quarter valued at about $306,000. Finally, Kestra Investment Management LLC boosted its holdings in The Ensign Group by 46.3% in the 2nd quarter. Kestra Investment Management LLC now owns 7,711 shares of the company's stock valued at $1,189,000 after purchasing an additional 2,442 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

About The Ensign Group

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.