Enhabit (NYSE:EHAB) Reaches New 12-Month High – Still a Buy?

Enhabit, Inc. (NYSE:EHAB) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.59 and last traded at $13.6050, with a volume of 1699203 shares changing hands. The stock had previously closed at $11.09.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial set a $10.50 price target on shares of Enhabit and gave the stock a “hold” rating in a research report on Wednesday, January 7th. UBS Group raised Enhabit from a “neutral” rating to a “buy” rating and boosted their target price for the company from $8.50 to $12.00 in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Enhabit in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised Enhabit to a “buy” rating in a research report on Tuesday, January 13th. Finally, Citigroup reiterated a “buy” rating on shares of Enhabit in a research report on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Enhabit presently has an average rating of “Moderate Buy” and a consensus price target of $12.10.

Enhabit Stock Up 22.6%

The company has a market capitalization of $688.04 million, a P/E ratio of -54.38 and a beta of 1.65. The firm’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $8.97. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75.

Institutional Investors Weigh In On Enhabit

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 8 Knots Management LLC lifted its position in Enhabit by 20.5% during the 4th quarter. 8 Knots Management LLC now owns 5,084,714 shares of the company’s stock worth $46,881,000 after buying an additional 865,868 shares in the last quarter. Vanguard Group Inc. raised its holdings in Enhabit by 8.2% during the third quarter. Vanguard Group Inc. now owns 3,393,069 shares of the company’s stock worth $27,178,000 after acquiring an additional 256,559 shares in the last quarter. Geode Capital Management LLC raised its holdings in Enhabit by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,187,434 shares of the company’s stock worth $10,951,000 after acquiring an additional 11,583 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Enhabit by 30.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 866,539 shares of the company’s stock valued at $7,989,000 after purchasing an additional 201,269 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in Enhabit in the fourth quarter valued at approximately $7,567,000.

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.