Why The Ensign Group, Inc. (NASDAQ:ENSG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $25.25 on The Ensign Group, Inc. (NASDAQ:ENSG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.38 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of The Ensign Group, Inc. (NASDAQ:ENSG) stands at 20.63.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For The Ensign Group, Inc., the PEG ratio for coming 3-5 years is 0.89.

Technical Analysis

The technical analysis highlights that The Ensign Group, Inc. current is trading $-2.02 points away or -9.81% from its 50-day moving average of $20.63. Further it is trading $-2.43 or -11.57% away its 200-day moving average of $21.04.

The 52-week high of The Ensign Group, Inc. (NASDAQ:ENSG) was $25.09 while lowest point recorded in 52-week was $17.60. It implies if stock price makes a movement of over $-6.48, it will record a new 52-week high. In the case of +5.74% drop, it will touch a new 52-week low.

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