Macquarie analyst Tao Qiu initiated coverage of Ensign Group with an Outperform rating and $134 price target. Ensign is a leading operator in the highly fragmented skilled nursing industry, and it benefits from a demographic tailwind and checked supply, the analyst tells investors in a research note. The firm says the company’s decentralized operating model, value-add acquisition strategy, and “prudent financial stewardship” all yield consistent shareholder returns.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ENSG:
- The Ensign Group, Inc. Declares Quarterly Dividend of $0.06 Per Share
- Ensign Group acquires skilled nursing facility in Arizona
- The Ensign Group Acquires Skilled Nursing Facility in Arizona
- The Ensign Group Adds Another Skilled Nursing Facility in Colorado
- Ensign Group adds skilled nursing facility in Colorado