Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Ensign Group Inc (NASDAQ: ENSG) weakened during the last several trading days. ENSG’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
The Ensign Group Inc (NASDAQ: ENSG) stock rose modestly by 1.0% on 6/21/24. The stock closed at $121.04. Moreover, this advance was accompanied by exceptionally high trading volume at 225% of normal. Relative to the market the stock has been strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
ENSG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ensign Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Ensign Group has a slightly negative Appreciation Score of 40 but a good Power Rating of 81, resulting in the High Neutral Value Trend Rating.
Be the first to comment