Stifel Nicolaus set a $34.00 price objective on The Ensign Group (NASDAQ:ENSG) in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. BidaskClub cut shares of The Ensign Group from a strong-buy rating to a buy rating in a research note on Saturday, June 30th. SunTrust Banks reiterated a buy rating and set a $41.00 price target on shares of The Ensign Group in a research note on Friday, August 3rd. ValuEngine cut shares of The Ensign Group from a strong-buy rating to a buy rating in a research note on Friday, August 3rd. Cantor Fitzgerald reiterated a buy rating and set a $42.00 price target on shares of The Ensign Group in a research note on Monday, July 30th. Finally, Stephens reiterated a buy rating and set a $41.00 price target on shares of The Ensign Group in a research note on Sunday, August 5th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The Ensign Group presently has a consensus rating of Buy and an average target price of $36.50.

Shares of The Ensign Group stock traded down $0.15 during trading hours on Thursday, hitting $37.08. The company had a trading volume of 2,226 shares, compared to its average volume of 252,718. The Ensign Group has a twelve month low of $19.40 and a twelve month high of $40.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 1.40 and a beta of 0.62.

The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The Ensign Group had a net margin of 3.61% and a return on equity of 15.61%. The business had revenue of $496.40 million during the quarter, compared to analysts’ expectations of $496.61 million. During the same quarter in the prior year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts forecast that The Ensign Group will post 1.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Stockholders of record on Saturday, June 30th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, June 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 15.00%.

In other news, CFO Suzanne D. Snapper sold 3,273 shares of the firm’s stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $35.00, for a total value of $114,555.00. Following the completion of the sale, the chief financial officer now owns 124,263 shares in the company, valued at approximately $4,349,205. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher R. Christensen sold 21,241 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $37.42, for a total transaction of $794,838.22. The disclosure for this sale can be found here. Insiders sold a total of 110,726 shares of company stock valued at $4,152,374 in the last 90 days. Company insiders own 6.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ENSG. Deutsche Bank AG lifted its stake in shares of The Ensign Group by 147.8% in the 4th quarter. Deutsche Bank AG now owns 118,003 shares of the company’s stock worth $2,617,000 after acquiring an additional 70,382 shares during the period. Millennium Management LLC purchased a new position in shares of The Ensign Group in the 4th quarter valued at about $227,000. MetLife Investment Advisors LLC purchased a new position in shares of The Ensign Group in the 4th quarter valued at about $541,000. Wasatch Advisors Inc. increased its holdings in shares of The Ensign Group by 4.3% in the 1st quarter. Wasatch Advisors Inc. now owns 6,541,631 shares of the company’s stock valued at $172,045,000 after purchasing an additional 268,181 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of The Ensign Group by 16.6% in the 1st quarter. Wells Fargo & Company MN now owns 301,454 shares of the company’s stock valued at $7,927,000 after purchasing an additional 42,867 shares in the last quarter. Institutional investors own 83.15% of the company’s stock.

The Ensign Group Company Profile

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.

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Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

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