BidaskClub Lowers The Ensign Group (NASDAQ:ENSG) to Sell

The Ensign Group (NASDAQ:ENSG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, November 9th, BidAskClub reports.

A number of other analysts also recently issued reports on ENSG. ValuEngine upgraded shares of The Ensign Group from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stephens set a $47.00 target price on shares of The Ensign Group and gave the stock a “hold” rating in a report on Friday, November 1st. Royal Bank of Canada set a $50.00 target price on shares of The Ensign Group and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus raised shares of The Ensign Group from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $51.00 in a research report on Thursday, October 31st. Finally, Oppenheimer set a $64.00 price objective on shares of The Ensign Group and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The Ensign Group has an average rating of “Buy” and a consensus target price of $52.80.

The Ensign Group stock traded up $0.34 during midday trading on Friday, hitting $43.45. 200,100 shares of the stock were exchanged, compared to its average volume of 289,915. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $2.30 billion, a PE ratio of 24.27, a P/E/G ratio of 1.43 and a beta of 0.87. The company has a fifty day simple moving average of $42.06 and a two-hundred day simple moving average of $49.98. The Ensign Group has a 52 week low of $36.21 and a 52 week high of $63.00.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $600.51 million for the quarter, compared to the consensus estimate of $601.12 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Ensign Group will post 2.03 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ENSG. Huntington National Bank acquired a new position in The Ensign Group during the second quarter worth about $27,000. Tower Research Capital LLC TRC acquired a new position in The Ensign Group during the second quarter worth about $46,000. Point72 Asset Management L.P. acquired a new position in The Ensign Group during the second quarter worth about $57,000. Krane Funds Advisors LLC acquired a new position in The Ensign Group during the second quarter worth about $58,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of The Ensign Group in the second quarter valued at approximately $64,000. 81.85% of the stock is owned by institutional investors and hedge funds.

About The Ensign Group

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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