Oppenheimer analyst Michael Wiederhorn maintained a Buy rating on The Ensign Group (ENSG – Research Report) today and set a price target of $115.00. The company’s shares closed yesterday at $95.04.
According to TipRanks, Wiederhorn is a top 100 analyst with an average return of 14.9% and a 65.73% success rate. Wiederhorn covers the Healthcare sector, focusing on stocks such as Centene, Chemed, and Community Health.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Ensign Group with a $111.80 average price target.
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Based on The Ensign Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $916.1 million and a net profit of $63.99 million. In comparison, last year the company earned a revenue of $728.35 million and had a net profit of $57.69 million
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ENSG in relation to earlier this year.
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The Ensign Group (ENSG) Company Description:
The Ensign Group, Inc. engages in the provision of healthcare services, as well as urgent care centers and mobile ancillary businesses. It operates through the following business segments: Transitional and Skilled Services, Senior Living Services, and Home Health and Hospice Services. The Transitional and Skilled Services segment involves in providing patients with medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services. The Senior Living Services segment operates assisted and independent living facilities. The Home Health and Hospice Services segment includes health care services which consist of providing combination of nursing, speech, occupational and physical therapists, medical social workers, and certified home health aide services. The company was founded by Roy E. Christensen, Christopher R. Christensen, and Gregory K. Stapley in 1999 and is headquartered in San Juan Capistrano, CA.
Read More on ENSG:
- The Ensign Group Reports Third Quarter 2023 Results; Raises 2023 Earnings Guidance
- The Ensign Group Schedules Third Quarter Earnings Call for Thursday, October 26, 2023
- The Ensign (ENSG) Q3 Earnings Cheat Sheet
- Ensign Group management to meet with Oppenheimer
- The Ensign Group Acquires Skilled Nursing Facility in Kansas
