logo
The Ensign Group (ENSG) Receives a Buy from UBS

The Ensign Group (ENSG) Receives a Buy from UBS

In a report released today, A.J. Rice from UBS reiterated a Buy rating on The Ensign Group, with a price target of $175.00. The company's shares opened today at $149.97.
Don't Miss TipRanks' Half-Year Sale
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
According to TipRanks, Rice is a 5-star analyst with an average return of 8.4% and a 61.07% success rate. Rice covers the Healthcare sector, focusing on stocks such as Surgery Partners, Option Care Health, and Select Medical.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The Ensign Group with a $177.00 average price target.
Based on The Ensign Group's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $80.28 million. In comparison, last year the company earned a revenue of $982.91 million and had a net profit of $68.84 million
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Top analyst revamps Nvidia price target for one surprising reason
Top analyst revamps Nvidia price target for one surprising reason

Miami Herald

time6 hours ago

  • Miami Herald

Top analyst revamps Nvidia price target for one surprising reason

Nvidia (NVDA) has shrugged off broader market jitters and become one of this year's biggest stock market winners. Its ubiquitous GPUs have been the gold standard in powering AI breakthroughs, making it a must-have for chip stock investors. Don't miss the move: Subscribe to TheStreet's free daily newsletter Moreover, despite hitting record highs this year, Nvidia still has plenty of gas left in the tank. As we look ahead, it's gearing up to roll out its next-gen GPU system, separating itself further in the data-center space. If all goes to plan, the chip king's grip on AI could tighten, and with fresh nods of approval, the runway's looking long. It's fair to call Nvidia's GPU lineup a string of mini revolutions, with each chip line outdoing the last by a country mile. It started with Ampere, a massive step-up in performance-per-watt lift and beefed-up Tensor cores. Ampere was a smash hit with the hyperscalers, who looked to power everything from recommendation engines to early AI proofs of concept. Then we had Hopper. Nvidia packed in a special Transformer Engine, boosted NVLink speed, and tweaked its chips so LLMs could train quicker without blowing the budget. Hopper cemented Nvidia's spot as the top dog, both in research labs and mega-scale data centers. Next came Blackwell Ultra, which turned the game around with smarter data handling, faster memory, and techniques to cut lag. Related: Veteran analyst drops shocking Tesla target Suddenly, we saw generative AI come into its own with real-time video, big simulations, and instant data crunching. Now, there's Rubin, Blackwell's successor, which claims to be 3.3× faster. That leap isn't the usual clock-speed bump, but it means you can cram way more AI workloads into the same rack. Its next-generation Tensor cores, high-bandwidth memory interface, and liquid-cooled design let companies run multiple models simultaneously. More Tech Stock News: Veteran Tesla bull drops surprising 3-word verdict on robotaxi rideApple could make big change to Siri, delight fansVeteran analyst issues big Broadcom call, shakes up AI stock race Rubin seamlessly ties in with Nvidia's mature CUDA ecosystem, with every library, toolchain, and optimization getting a lift. For AI teams, that means shorter training cycles, denser inference deployments, and the freedom to experiment with more complex models simultaneously. If it all lives up to the hype, Nvidia will prove yet again why it's the indispensable engine behind the AI revolution. Nvidia stock just scored another stamp of approval from Wall Street. Mizuho's top chip analyst, Vijay Rakesh, doubled down on his bullish take on the AI bellwether, with his eyes on the future. Rakesh expects Nvidia to ship north of 5.3 million AI accelerators this year, jumping to 6 million by 2026. However, he feels the real hype is around Rubin, the next-gen server that Nvidia claims will be 3.3 times faster than Blackwell Ultra. In addition, if Rubin can shift to an air-cooled option instead of liquid cooling, we could see a lot more data centers adopting Nvidia's gear. That tweak alone could lead to an explosion in demand for Nvidia GPUs, as companies look to build their AI muscle without massive infrastructure upgrades. Related: Veteran analyst offers eye-popping Nvidia, Microsoft stock prediction Also, Mizuho is keeping an Outperform rating on Nvidia stock with a $170 price target (an 8% jump from July 2's close). Cantor Fitzgerald, in a recent note, is even more upbeat, keeping its Overweight rating and setting the bar even higher at $200 (27.2% higher than July 2's close). Nvidia continues riding high on the tailwind of a blowout second quarter, its 10th consecutive quarter of top- and bottom-line beats. It delivered nearly 60% top-line growth, while its earnings per share of 81 cents beat estimates by six cents. However, it hasn't all been smooth sailing for the AI titan. Two Chinese AI startups, one led by a former Nvidia executive, just filed to go public, stirring up fresh competition. Also, the looming U.S. ban on H20 chip sales to China and Huawei's rumored H100 challenger have kept the pressure on. Nevertheless, Nvidia's pushing hard on new fronts. It's been going all-in on sovereign AI projects in Europe and Saudi Arabia, while building colossal U.S. production hubs for Blackwell to hedge against tariffs. It's important to note that on June 25, NVDA spiked 4% to a record $154.10, briefly overtaking Microsoft as the world's most valuable company, So it's clear Nvidia's still the king of AI chips, and the Street's betting there's still plenty of room to run. Related: Veteran analyst drops bold new call on Nvidia stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Fund manager panel raises eyebrows with market forecasts
Fund manager panel raises eyebrows with market forecasts

Miami Herald

time7 hours ago

  • Miami Herald

Fund manager panel raises eyebrows with market forecasts

This article is based on TheStreet's Stock & Markets Podcast. Hosted by the veteranWall Streetinvestor Chris Versace, the weekly podcasts are available early to members of TheStreetPro investing club. Tennis, anyone? The beloved racket sport received a mention during the July 2 edition of TheStreet Stocks & Markets Podcast. Chris Versace, lead portfolio manager of TheStreet Pro portfolio, spoke with Todd Campbell, co executive editor at and Helene Meisler, market technician and equity trader on a wide of topics, including tariffs, the S&P 500, and, yes, even tennis. Don't miss the move: Subscribe to TheStreet's free daily newsletter "What a crazy ride it's been and what might be coming next.," Versace said at the outset. "At the beginning of the year, expectations were pretty good. The market was moving nicely higher January, February. And then we hit a skid mark." "We continued to fall, especially once we got to Liberation Day in early April," he said, referring to the day President Donald Trump announced his tariff regime. "And then slowly but surely, some of the uncertainties that were weighing on the market started to dial back a little bit." Lo and behold, Versace said, "we exit the first half of the year, the S&P 500 at a new record high, potentially." Meisler worked in a tennis analogy when discussing "down and out" stocks like Pepsi (PEP) and UPS (UPS) , which were both climbing recently. "I always fear that this little rally we're having in those down and outs that I love so much is going to be like the grass court season--short," she said. "And that it's not going to be lengthy like that hardcourt season we have that comes after Wimbledon." More Economic Analysis: Federal Reserve prepares strong message on long-term interest ratesMassive city workers union approves strikeAnalyst makes bold call on stocks, bonds, and gold "I'm glad you connected that," Versace said. Campbell said people won't have tariffs on their bingo cards as long as the status quo persists. "If Trump starts saying it's going to go to 50% on Canada next week because they're not making a trade deal, that's a different story," he said. "But who knows, right? It becomes guesswork now. Look, they didn't care about UK and the China deal. There's no real there there. All they cared was that it looks like we're stabilizing out at a particular rate." "So, you're saying as long as there's some potential progress and we move towards a new framework, over time, the market will wrap its head around it?" Versace asked. "Yes, because in April, May, they were expecting Armageddon," Campbell said. "Anything less than Armageddon is actually a win." "We stopped thinking about tariffs," Meisler said. "As soon as Trump dialed it back a week after liberation day, we stopped thinking about it. We started focusing on the economy. We started focusing on tax cuts and the Fed cutting." "Whatever it is that takes us down next," she added. "it's not anything we're discussing right now. Because if we're discussing it, it's priced in. If you look back a year ago, I mean, even December, how many people talked about tariffs?" Meisler steered the conversation toward an issue that she said needed more attention: the dollar. "All of a sudden, everybody is saying a weak dollar is good for multinationals," she said. "I remember when a weak dollar was bearish, but OK, now it's bullish. And I think the dollar is bottoming. I've been wrong; I can't help it. I think the dollar is making a low. And if the dollar starts going up, I'm certain the narrative is going to change: A strong dollar is good." Related: Veteran fund manager makes bold move on Costco, American Express "But whatever it is, you've got to watch that because that does have an effect on earnings 100%," she added. Campbell said the dollar has the biggest impact on the technology sector, with 59% of sales for tech companies in the S&P 500 coming from overseas. "I just think that how much of the hope that earnings revisions are going to go higher are based upon the impact of the weaker dollar on technology stocks, and what happens if the dollar does find its footing here. It's at a three-year low. More than three years, I don't know." Versace said that consensus expectations have been revised over the last few weeks to account specifically for the dollar "I think there are a lot of folks out there going, channel checks are good, yada, yada, yada, but they're not saying anything about that," he said. "So I think you're right, Helene. I think few people are really focused in on the dollar. Or if they are, they're not saying dollar." As the podcast wrapped up, Campbell encouraged listeners to remember that it's summer. "Enjoy time with family and friends," he said. "The market's going to do what the market's going to do. And just remember that good times and bad times, as we learn in April, things can change on a dime. It's just the way the market is." Related: Veteran fund manager who forecast S&P 500 crash unveils surprising update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

These beloved ‘American' brands are made overseas
These beloved ‘American' brands are made overseas

Miami Herald

time7 hours ago

  • Miami Herald

These beloved ‘American' brands are made overseas

Do you care where the products you buy are made? Many manufacturers believe that the "Made in the USA" label is a great selling point, though that's not decisive. Some consumers believe that if the product is made in the U.S. it is of better quality, offering higher value and fewer risks. Remember that episode of the popular show "The Resident," when it was revealed that Quo Vadis, a fictional medical device company, was importing devices from China and falsely labeling them as made in the USA? While fictional, it suggests the importance of that one selling point. Don't miss the move: Subscribe to TheStreet's free daily newsletter I also love to buy domestic products, as I believe it is important to support your country's production. It is better for everyone, including me. Despite the U.S. being the second-biggest manufacturer in the world (second only to China), its domestic production has been declining over the past two decades. Its global share fell from 25% to 17% between 1997 and 2021, with a net loss of 4.6 million jobs. Why are manufacturers switching production to other countries? It's quite simple: significantly lower labor costs. Many people are unaware of how many legendary "American" brands are actually made overseas. The legendary iPhone - and the company behind, it Apple (AAPL) - are known by the whole world. Most people know who Steve Jobs was, and also know that Apple is an American brand. However, it is also common knowledge that Apple makes its iconic smartphones mostly in China. The components go to Apple manufacturing locations in China, Malaysia, Thailand, and South Korea, among other countries. Related: Apple iPhone decision will upset customers, appease White House All these manufacturing facilities are part of only two companies, the Taiwanese firms Foxconn and Pegatron, which manage production and the quality standards of Apple phones. When President Donald Trump announced new tariffs on imports from China, Apple CEO Tim Cook revealed the potential impact could increase the company's costs by roughly $900 million for the June quarter. In response to tariffs, Apple has shifted more of its iPhone production to India, reducing its reliance on China. In March, it shipped nearly $2 billion worth of iPhones to the U.S., marking a record amount for its two India-based suppliers. So why not just bring the production to the U.S.? If Apple was to do that, the price of an iPhone would grow so much that most people would not even consider buying one. Not to mention the transition expense and time needed to relocate production. More on popular brands: Coca-Cola's discontinued college drink makes a big comebackHey Barbie! Mattel warns that tariffs could push prices higherMajor iconic food brand files for Chapter 11 bankruptcy Wedbush Securities Senior Analyst Dan Ives cautioned that shifting Apple's manufacturing to the U.S. could lead to an iPhone price of around $3,500 and take five to 10 years to finalize. "We believe the concept of Apple producing iPhones in the U.S. is a fairy tale that is not feasible," he said, according to Barron's. While Apple's manufacturing story is well known, many people may not be aware that other iconic American brands are made outside the States. Dell, an American technology company that develops, sells, and repairs personal computers, manufactures its products largely in Asia and Mexico, writes Cheapism. Related: Forget tariffs, IKEA slashes prices in beloved store section And fashion giants whose production occurs overseas include: Levi's: The denim icon now produces most of its products in China and Vietnam. Ray-Ban: This James Dean-approved sunglasses brand was sold in 1999 to Italy's Luxottica. Since then, the shades have been produced in Italy and Puppies: The 60-year-old casual shoe brand praised by many celebrities makes products in China and Vietnam. Arrow Shirts: A more than century-old clothing brand known for detachable collars and men's dress shirts manufactures in Cambodia, China, Bangladesh, Ethiopia, and Kenya. Woolrich: Another longstanding American brand known for outdoor clothing, over time, moved its production to China, Vietnam, and other countries. Converse: The brand behind Non-Skids, popular for its iconic, timeless design and cultural significance, was sold to Nike in 2023 following bankruptcy and moved its manufacturing to Indonesia and other Asian countries. Nike: This popular and American athlete-endorsed footwear brand has been making its shoes internationally since at least the 1970s. Gap: Back in 1969, Gap was a San Francisco jeans and record store, and now it is a global clothing icon with many big names under its umbrella. Most of Gap's clothes are made in Bangladesh, Cambodia, and China. Not even automaker giants like Ford andChevrolet make their vehicles entirely from American parts. For example, Chevrolet's very popular Blazer and Equinox are manufactured at least partially in Mexico and Canada. Then there are toy manufacturers whose production relies heavily on China - these include Mattel (globally known for the Barbie doll), Fisher-Price (synonymous with baby toys), Spin Master Corporation (maker of the Etch A Sketch), and Hasbro (behind the legendary and ultra-American G.I. Joe figures). Now, try to imagine a fairy tale in which all of these brands - plusAmerican Girl dolls, Stanley Black & Decker's Craftsman tools, Fender's Stratocaster guitars, Samsonite luggage, Radio Flyer wagons, Schwinn bikes, and many more - shifted production to America. It's almost inconceivable. Related: Iconic mall anchor retail chain closing more stores The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store