RBC Capital raised the firm’s price target on Ensign Group to $133 from $112 and keeps an Outperform rating on the shares after its Q4 earnings beat and above-consensus guidance. The revenue outlook was well ahead of consensus, supported by continued occupancy improvement and solid reimbursement, and the firm sees the company being well positioned for accelerated deal activity in 2024, the analyst tells investors in a research note.
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Read More on ENSG:
- The Ensign’s New Regulation Risk – A Cause for Worry?
- Ensign Group price target raised to $130 from $127 at Oppenheimer
- Ensign Group sees FY24 EPS $5.29-$5.47, consensus $5.23
- Ensign Group reports Q4 EPS $1.28, consensus $1.27
- The Ensign Group Reports Fiscal Year and Fourth Quarter 2023 Results; Issues 2024 Earnings Guidance
