The Ensign Group, Inc. (ENSG) Receives Consensus Recommendation of “Hold” from Analysts

The Ensign Group, Inc. (NASDAQ:ENSG) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.00.

ENSG has been the topic of several research analyst reports. Wells Fargo & Company cut The Ensign Group from a “market perform” rating to an “underperform” rating in a report on Friday, April 28th. Zacks Investment Research upgraded The Ensign Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, TheStreet upgraded The Ensign Group from a “c+” rating to a “b” rating in a report on Monday.

The Ensign Group (NASDAQ:ENSG) opened at 19.65 on Friday. The Ensign Group has a 12 month low of $16.51 and a 12 month high of $23.35. The stock’s 50 day moving average price is $21.64 and its 200-day moving average price is $19.69. The firm has a market capitalization of $999.56 million, a price-to-earnings ratio of 22.88 and a beta of 0.84.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, June 30th were issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Wednesday, June 28th. The Ensign Group’s dividend payout ratio is presently 20.24%.

In other The Ensign Group news, VP Barry Port sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the sale, the vice president now owns 135,642 shares of the company’s stock, valued at $3,119,766. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 11,761 shares of company stock worth $267,981 over the last quarter. 6.20% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in The Ensign Group by 0.3% in the second quarter. BlackRock Inc. now owns 5,951,320 shares of the company’s stock worth $129,561,000 after buying an additional 19,967 shares in the last quarter. Ameriprise Financial Inc. raised its stake in The Ensign Group by 68.3% in the second quarter. Ameriprise Financial Inc. now owns 463,244 shares of the company’s stock worth $10,085,000 after buying an additional 187,941 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in The Ensign Group by 2.5% in the second quarter. TIAA CREF Investment Management LLC now owns 131,316 shares of the company’s stock worth $2,859,000 after buying an additional 3,205 shares in the last quarter. Teachers Advisors LLC raised its stake in The Ensign Group by 6.2% in the second quarter. Teachers Advisors LLC now owns 87,169 shares of the company’s stock worth $1,898,000 after buying an additional 5,080 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in The Ensign Group by 157.8% in the second quarter. Paradigm Capital Management Inc. NY now owns 58,000 shares of the company’s stock worth $1,262,000 after buying an additional 35,500 shares in the last quarter. 84.65% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/analysts-set-the-ensign-group-inc-ensg-price-target-at-22-67-updated-updated-updated.html.

The Ensign Group Company Profile

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

Analyst Recommendations for The Ensign Group (NASDAQ:ENSG)

Receive News & Ratings for The Ensign Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Ensign Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply