In a report issued on August 3, Dana Hambly from Stephens reiterated a Buy rating on The Ensign Group (NASDAQ: ENSG), with a price target of $41. The company’s shares closed on Friday at $35.05.
According to TipRanks.com, Hambly is a 4-star analyst with an average return of 10.1% and a 63.6% success rate. Hambly covers the Services sector, focusing on stocks such as Encompass Health Corporation, Capital Senior Living, and Addus Homecare Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Ensign Group with a $40.20 average price target, implying a 14.7% upside from current levels. In a report issued on July 30, Cantor Fitzgerald also maintained a Buy rating on the stock with a $42 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 net profit of $22.01 million. In comparison, last year the company had a net profit of $12.22 million.
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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 segments: Transitional and Skilled Services, Assisted and Independent Living Services, and Home Health and Hospice Services.
