Enhabit (NYSE:EHAB) Sets New 1-Year High After Analyst Upgrade

Shares of Enhabit, Inc. (NYSE:EHAB) hit a new 52-week high during trading on Tuesday after Deutsche Bank Aktiengesellschaft upgraded the stock to a buy rating. The company traded as high as $11.27 and last traded at $10.90, with a volume of 96049 shares traded. The stock had previously closed at $10.19.

A number of other brokerages also recently issued reports on EHAB. Citigroup restated a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Wolfe Research set a $12.00 price objective on Enhabit in a research report on Thursday, January 8th. Truist Financial set a $10.50 target price on Enhabit and gave the stock a “hold” rating in a research note on Wednesday, January 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Enhabit in a research note on Tuesday, December 16th. Finally, Cowen upgraded Enhabit to a “buy” rating in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.63.

Hedge Funds Weigh In On Enhabit

Several hedge funds have recently bought and sold shares of EHAB. Osaic Holdings Inc. grew its position in Enhabit by 337.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock valued at $25,000 after acquiring an additional 2,018 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Enhabit in the third quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its stake in shares of Enhabit by 82.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,542 shares of the company’s stock valued at $44,000 after purchasing an additional 2,059 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Enhabit by 523.1% in the second quarter. Russell Investments Group Ltd. now owns 5,795 shares of the company’s stock valued at $56,000 after purchasing an additional 4,865 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Enhabit by 110,987.5% during the 1st quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock worth $78,000 after buying an additional 8,879 shares during the period.

Enhabit Price Performance

The company has a market cap of $545.53 million, a PE ratio of -43.11 and a beta of 1.66. The company’s 50-day simple moving average is $9.16 and its 200 day simple moving average is $8.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.58.

Enhabit (NYSE:EHAB) last released its earnings results on Wednesday, November 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $263.60 million during the quarter, compared to analysts’ expectations of $267.08 million. Enhabit had a positive return on equity of 3.91% and a negative net margin of 1.14%.Enhabit has set its FY 2025 guidance at 0.500-0.560 EPS. On average, sell-side analysts predict that Enhabit, Inc. will post 0.22 earnings per share for the current fiscal year.

Enhabit Company Profile

Enhabit, Inc (NYSE: EHAB) is a national provider of home-based healthcare services, offering a continuum of care designed to support patients in the comfort of their own homes. The company’s core mission is to deliver personalized clinical and non-clinical services that help individuals recover from illness or injury, manage chronic conditions, and, when necessary, receive compassionate end-of-life care. Enhabit’s business model centers on combining skilled clinical care with patient-centric service coordination to optimize outcomes and enhance the overall care experience.

The company’s service portfolio includes skilled nursing, physical, occupational and speech therapies, personal care assistance, palliative care and hospice services.