The Ensign Group (NASDAQ:ENSG) Stock Price Breaks Above 200-Day Moving Average – Time to Sell?
by Jessica Moore · The Cerbat GemThe Ensign Group, Inc. (NASDAQ:ENSG – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $181.50 and traded as high as $187.25. The Ensign Group shares last traded at $184.11, with a volume of 974,029 shares.
Trending Headlines about The Ensign Group
Here are the key news stories impacting The Ensign Group this week:
- Positive Sentiment: Earnings beat estimates: Ensign reported third-quarter adjusted earnings of $2.03 per share, exceeding the $1.97 consensus estimate. Revenue increased 14.5% year over year, although it was below analysts’ expectations. The initial earnings reaction included a gap higher in the shares. The Ensign Group Shares Gap Up After Earnings Beat
- Positive Sentiment: Analyst remains constructive: Oppenheimer raised its price target on The Ensign Group from $210 to $215 and maintained an “outperform” rating, implying significant upside from recent trading levels. Oppenheimer analyst rating information
- Neutral Sentiment: Lead-plaintiff deadline: Multiple law firms are soliciting investors who purchased ENSG securities between February 10, 2022, and June 18, 2026, to seek lead-plaintiff status by December 7, 2026. The repeated notices largely restate the same pending litigation rather than announce a new legal development. Ensign securities class action deadline notice
- Negative Sentiment: Litigation overhang: The lawsuits allege Ensign failed to disclose material adverse facts before an approximately 8% stock decline. Continued headlines may increase uncertainty around potential financial, regulatory, and reputational liabilities, helping explain why the stock has decreased despite the earnings beat. Ensign securities-fraud lawsuit announcement
Analyst Ratings Changes
A number of analysts have commented on the company. UBS Group restated a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of The Ensign Group in a research report on Thursday. Truist Financial set a $210.00 price objective on The Ensign Group and gave the company a “hold” rating in a research report on Thursday. Oppenheimer boosted their price objective on The Ensign Group from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Weiss Ratings raised shares of The Ensign Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of The Ensign Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 25th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, The Ensign Group has a consensus rating of “Moderate Buy” and an average target price of $218.60.
Check Out Our Latest Analysis on ENSG
The Ensign Group Stock Down 2.6%
The company has a 50-day moving average price of $174.79 and a 200 day moving average price of $181.59. The firm has a market capitalization of $10.59 billion, a PE ratio of 27.01, a P/E/G ratio of 1.77 and a beta of 0.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.20 and a quick ratio of 1.21.
The Ensign Group (NASDAQ:ENSG – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. The Ensign Group had a return on equity of 16.79% and a net margin of 7.03%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.64 earnings per share. Analysts forecast that The Ensign Group, Inc. will post 7.04 earnings per share for the current year.
The Ensign Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, September 30th. The Ensign Group’s dividend payout ratio is 4.08%.
Institutional Investors Weigh In On The Ensign Group
Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of The Ensign Group in the second quarter worth $937,218,000. Bank of New York Mellon Corp purchased a new position in shares of The Ensign Group during the second quarter worth $65,470,000. Paradigm Capital Management Inc. NY acquired a new position in The Ensign Group during the second quarter valued at $54,742,000. Bank of America Corp DE acquired a new position in The Ensign Group during the second quarter valued at $37,509,000. Finally, Wasatch Advisors LP lifted its position in The Ensign Group by 10.7% during the second quarter. Wasatch Advisors LP now owns 2,278,324 shares of the company’s stock valued at $365,215,000 after purchasing an additional 220,329 shares during the period. 96.12% of the stock is owned by institutional investors.
About The Ensign Group
The Ensign Group, Inc is a healthcare services company that provides skilled nursing, post-acute care and rehabilitation services. Its facilities serve patients recovering from illness, injury or surgery, as well as individuals requiring long-term nursing care and support with daily living.
Through its operating subsidiaries, Ensign also provides assisted living and other senior care services. Its portfolio includes skilled nursing facilities, senior living communities and related healthcare operations, with services such as physical, occupational and speech therapy, medically complex care and rehabilitation.
Founded in 1999 and headquartered in San Juan Capistrano, California, The Ensign Group operates healthcare facilities across multiple U.S.