Analyst Rating Update on The Ensign Group (ENSG)

The Ensign Group (ENSG) : 6 analysts are covering The Ensign Group (ENSG) and their average rating on the stock is 1.83, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. The Ensign Group (ENSG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

The Ensign Group (ENSG) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $29 and the lowest price target forecast is $26. The average forecast of all the analysts is $27.25 and the expected standard deviation is $1.26.

For the current week, the company shares have a recommendation consensus of Buy.


The Ensign Group (NASDAQ:ENSG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.88 and $17.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.29, notching a gain of 2.23% for the day. The total traded volume was 1,039,507 . The stock had closed at $18.87 on the previous day.

The Ensign Group, Inc. is a holding company. The Company, through its subsidiaries, is a provider of skilled nursing, rehabilitative care services, home health, home care, hospice care, assisted living and urgent care services. The Company operates approximately 178 facilities, of which 13 are hospice agencies, 14 are home health agencies, three are home care businesses and 17 are urgent care clinics in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon and Wisconsin. It operates through two segments: transitional, skilled and assisted living services, which include the operation of skilled nursing facilities, and assisted and independent living facilities, and home health and hospice services, which includes the Companys home health, home care and hospice businesses. Its wholly owned subsidiaries provide accounting, payroll, human resources, information technology, legal and other services to other operating subsidiaries.

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