The Ensign Group (NASDAQ:ENSG) Rating Lowered to Hold at ValuEngine

The Ensign Group (NASDAQ:ENSG) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Several other analysts also recently issued reports on the stock. Royal Bank of Canada set a $50.00 price target on shares of The Ensign Group and gave the company a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of The Ensign Group from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, September 24th. BidaskClub raised shares of The Ensign Group from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Stephens set a $47.00 price target on shares of The Ensign Group and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Oppenheimer set a $64.00 price target on shares of The Ensign Group and gave the company a “buy” rating in a research report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The Ensign Group currently has an average rating of “Buy” and a consensus target price of $52.80.

NASDAQ ENSG opened at $42.29 on Tuesday. The company has a fifty day simple moving average of $41.99 and a 200 day simple moving average of $50.04. The Ensign Group has a 12-month low of $36.21 and a 12-month high of $63.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.77. The company has a market cap of $2.26 billion, a P/E ratio of 23.63, a PEG ratio of 1.43 and a beta of 0.87.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The Ensign Group had a net margin of 4.84% and a return on equity of 17.27%. The business had revenue of $600.51 million during the quarter, compared to the consensus estimate of $601.12 million. During the same quarter last year, the firm posted $0.46 EPS. The Ensign Group’s revenue was up 16.7% compared to the same quarter last year. Sell-side analysts predict that The Ensign Group will post 2.03 EPS for the current year.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in The Ensign Group during the 2nd quarter valued at $46,000. Point72 Asset Management L.P. bought a new position in The Ensign Group during the 2nd quarter valued at $57,000. Krane Funds Advisors LLC bought a new position in The Ensign Group during the 2nd quarter valued at $58,000. DekaBank Deutsche Girozentrale bought a new position in The Ensign Group during the 2nd quarter valued at $64,000. Finally, FMR LLC lifted its stake in The Ensign Group by 119.0% during the 1st quarter. FMR LLC now owns 1,682 shares of the company’s stock valued at $86,000 after acquiring an additional 914 shares in the last quarter. Institutional investors and hedge funds own 81.85% 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. The company operates in 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, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.

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