RBC Capital Reiterates Outperform Rating on The Ensign Group Inc. (ENSG)

RBC Capital analyst Ben Hendrix reiterated an Outperform rating and $133.00 price target on The Ensign Group Inc. (NASDAQ: ENSG).

The analyst comments "As a follow-up to our May 1 Quick Take note, we update our model and provide additional commentary on 1Q24 results. ENSG posted another record EPS quarter driven by continued improvement in occupancy and skilled mix. Management sees potential for further SS occupancy upside despite achieving pre-pandemic levels in 1Q24. ENSG maintains its M&A pace with several recent announcements and should be well positioned for continued development through the year. We reiterate our Outperform rating and $133 price target."

For an analyst ratings summary and ratings history on The Ensign Group Inc. click here. For more ratings news on The Ensign Group Inc. click here.

Shares of The Ensign Group Inc. closed at $118.49 yesterday.

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