In the latest trading session, Ensign Group Inc (Symbol: ENSG) saw its shares climb above the average 12-month analyst target price of $149.40, trading at $150.82 per share. This milestone prompts analysts to consider their next steps: either downgrade their valuation or increase their target price. The company’s positive developments may warrant an upward adjustment in targets.
The average target for Ensign Group Inc comes from five analysts within the Zacks coverage universe. However, there is a range of opinions. One analyst has set a lower target at $133.00, while another predicts a high of $165.00, resulting in a standard deviation of $14.943.
Looking at the average target gives investors insight through a “wisdom of crowds” approach. It reflects the consensus of various analysts rather than the view of a single expert. Now that Ensign Group’s stock price has surpassed the average target of $149.40, investors have a chance to reassess the company. They must decide whether this is merely a stop on the way to new heights or if the stock has become overvalued, suggesting it might be time to cash in some gains. Below is a summary of analysts’ current views on Ensign Group Inc:
| Recent ENSG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 1 | 1 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.6 | 1.6 | 1.6 | 1.6 |
The average rating in the table above is scaled from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This analysis utilized data provided by Zacks Investment Research via Quandl.com. For the latest Zacks research report on ENSG, click here for free access.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
