RBC Capital analyst Ben Hendrix maintains $Ensign (ENSG.US)$ with a buy rating, and adjusts the target price from $167 to $172.
According to TipRanks data, the analyst has a success rate of 55.2% and a total average return of 7.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Ensign (ENSG.US)$'s main analysts recently are as follows:
Ensign Group has achieved another record quarter with continued momentum in occupancy, defying the usual seasonal patterns. The anticipation of increased mergers and acquisitions activity along with continuous investments in higher-acuity capabilities justifies a premium compared to its post-acute peers.
Ensign Group's recent quarterly adjusted EPS and adjusted EBITDAR surpassed expectations, largely due to investment income, with operating metrics aligning with estimates. The company remains strategically poised to pursue its mergers and acquisitions approach in the future.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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