Cantor Fitzgerald analyst Joseph France reiterated a Buy rating on The Ensign Group (NASDAQ: ENSG) today and set a price target of $42. The company’s shares opened today at $35.05.
France observed:
“. We are reiterating our $42 price target and Overweight rating, and tweaking our 2018-19 estimates to reflect 2Q18 results (which were in line with the FactSet consensus, but slightly below our estimates) and our outlook for the rest of 2018-19. ENSG reaffirmed its full-year 2018 outlook, and its liquidity is such that it can pursue more deals. But, the company has already acquired a lot of business over the past three years, and we expect fewer deals over the balance of 2018. Acquisitions completed in 2017-18 have delivered EBITDA margins more than 700 bp better than the classes of 2015-16, and we expect this to help margins in 2H18.”
According to TipRanks.com, France is a 5-star analyst with an average return of 11.2% and a 59.5% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and US Physical Therapy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for The Ensign Group with a $38.25 average price target, which is a 9.1% upside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $42 price target.
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The Ensign Group’s market cap is currently $1.92B and has a P/E ratio of 32.48. The company has a Price to Book ratio of 3.70.
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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.
