The Ensign Group Inc. (NASDAQ:ENSG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “The Ensign Group was formed for the express purpose of meeting the challenges of the long-term care industry in the 21st Century. Led by the country’s finest caregivers, with an aggressive team of industry and business veterans backing them up, Ensign is elevating quality of care to superior levels, and doing it one facility at a time. “
ENSG has been the subject of a number of other reports. SunTrust Banks Inc. decreased their target price on The Ensign Group from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Cantor Fitzgerald restated a “buy” rating and issued a $22.00 target price on shares of The Ensign Group in a research note on Wednesday, August 3rd. Finally, TheStreet upgraded The Ensign Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.00.
Shares of The Ensign Group (NASDAQ:ENSG) opened at 20.43 on Tuesday. The firm’s 50-day moving average price is $19.92 and its 200 day moving average price is $20.88. The Ensign Group has a 1-year low of $17.60 and a 1-year high of $25.09. The stock has a market capitalization of $1.03 billion, a P/E ratio of 22.65 and a beta of 0.68.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The Ensign Group had a return on equity of 15.86% and a net margin of 3.13%. The company earned $410.51 million during the quarter, compared to the consensus estimate of $400.19 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The Ensign Group’s quarterly revenue was up 32.0% compared to the same quarter last year. Analysts expect that The Ensign Group will post $1.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.16 annualized dividend and a dividend yield of 0.78%. The Ensign Group’s dividend payout ratio is presently 17.49%.
Institutional investors have recently modified their holdings of the company. PineBridge Investments L.P. increased its position in shares of The Ensign Group by 5.7% in the second quarter. PineBridge Investments L.P. now owns 5,926 shares of the company’s stock valued at $125,000 after buying an additional 319 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of The Ensign Group by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 6,806 shares of the company’s stock valued at $143,000 after buying an additional 821 shares in the last quarter. Mason Street Advisors LLC acquired a new position in shares of The Ensign Group during the second quarter valued at about $192,000. Scotia Capital Inc. acquired a new position in shares of The Ensign Group during the first quarter valued at about $226,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of The Ensign Group during the third quarter valued at about $353,000. Institutional investors and hedge funds own 84.62% of the company’s stock.
About The Ensign Group
The Ensign Group, Inc is a holding company. The Company, through its subsidiaries, provides healthcare services across the post-acute care continuum, as well as urgent care centers and mobile ancillary businesses. Its segments include transitional, skilled and assisted living services (TSA services); home health and hospice services, and all other.
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