Enhabit, Inc. (NYSE:EHAB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Enhabit, Inc. (NYSE:EHAB) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.10.

A number of analysts have weighed in on EHAB shares. Citigroup reissued a “buy” rating on shares of Enhabit in a report on Tuesday, December 16th. Oppenheimer upgraded shares of Enhabit from a “market perform” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Thursday, January 22nd. UBS Group raised Enhabit from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $8.50 to $12.00 in a research report on Thursday, January 8th. TD Cowen raised Enhabit to a “buy” rating in a report on Tuesday, January 13th. Finally, Truist Financial set a $10.50 price objective on Enhabit and gave the stock a “hold” rating in a report on Wednesday, January 7th.

Institutional Investors Weigh In On Enhabit

Several institutional investors and hedge funds have recently bought and sold shares of EHAB. Osaic Holdings Inc. lifted its holdings in shares of Enhabit by 337.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock worth $25,000 after acquiring an additional 2,018 shares during the period. State of Alaska Department of Revenue acquired a new position in Enhabit in the third quarter worth about $27,000. Tower Research Capital LLC TRC lifted its stake in Enhabit by 82.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,542 shares of the company’s stock worth $44,000 after purchasing an additional 2,059 shares during the period. Russell Investments Group Ltd. lifted its stake in Enhabit by 523.1% during the second quarter. Russell Investments Group Ltd. now owns 5,795 shares of the company’s stock worth $56,000 after purchasing an additional 4,865 shares during the period. Finally, Simplex Trading LLC boosted its holdings in Enhabit by 69.8% during the fourth quarter. Simplex Trading LLC now owns 8,115 shares of the company’s stock valued at $75,000 after purchasing an additional 3,336 shares in the last quarter.

Enhabit Stock Down 0.6%

Shares of EHAB stock opened at $11.16 on Friday. Enhabit has a 12 month low of $6.47 and a 12 month high of $11.45. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.75. The firm has a market cap of $564.55 million, a PE ratio of -44.62 and a beta of 1.66. The stock has a 50 day moving average of $10.16 and a 200-day moving average of $8.78.

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.