Enhabit, Inc. (NYSE:EHAB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Enhabit, Inc. (NYSE:EHAB) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.10.

Several research firms have recently commented on EHAB. Wolfe Research set a $12.00 price objective on shares of Enhabit in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Enhabit to a “buy” rating in a research report on Tuesday, January 13th. UBS Group raised Enhabit from a “neutral” rating to a “buy” rating and increased their price target for the stock from $8.50 to $12.00 in a research report on Thursday, January 8th. Citigroup reissued a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Finally, Oppenheimer upgraded Enhabit from a “market perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Enhabit

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC purchased a new position in shares of Enhabit during the 4th quarter valued at approximately $436,000. LSV Asset Management acquired a new stake in Enhabit during the fourth quarter valued at $137,000. Hennion & Walsh Asset Management Inc. purchased a new position in Enhabit in the fourth quarter valued at $142,000. SG Americas Securities LLC acquired a new position in shares of Enhabit in the fourth quarter worth about $180,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Enhabit during the 3rd quarter worth about $228,000.

Enhabit Trading Up 1.1%

Enhabit stock opened at $11.15 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.75. Enhabit has a 52 week low of $6.47 and a 52 week high of $11.35. The company has a market capitalization of $564.05 million, a price-to-earnings ratio of -44.58 and a beta of 1.66. The stock has a 50-day moving average price of $9.99 and a 200 day moving average price of $8.63.

Enhabit (NYSE:EHAB) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. Enhabit had a negative net margin of 1.14% and a positive return on equity of 3.91%. The company had revenue of $263.60 million for the quarter, compared to the consensus estimate of $267.08 million. Sell-side analysts anticipate that Enhabit will post 0.22 EPS for the current year.

About Enhabit

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.