Enhabit (NYSE:EHAB) Sets New 52-Week High – What’s Next?

Enhabit, Inc. (NYSE:EHAB) reached a new 52-week high on Thursday . The stock traded as high as $11.35 and last traded at $11.2030, with a volume of 159660 shares changing hands. The stock had previously closed at $10.74.

Wall Street Analyst Weigh In

Several research firms recently commented on EHAB. Truist Financial set a $10.50 price objective on Enhabit and gave the company a “hold” rating in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Enhabit in a research report on Monday, December 29th. Jefferies Financial Group restated a “buy” rating on shares of Enhabit in a research report on Tuesday, December 16th. TD Cowen upgraded shares of Enhabit to a “buy” rating in a report on Tuesday, January 13th. Finally, Citigroup reissued a “buy” rating on shares of Enhabit in a research note on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Enhabit currently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Enhabit Stock Up 3.9%

The business’s 50 day moving average price is $9.43 and its 200-day moving average price is $8.33. The firm has a market capitalization of $564.52 million, a PE ratio of -44.62 and a beta of 1.66. 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 posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative net margin of 1.14% and a positive return on equity of 3.91%. Enhabit has set its FY 2025 guidance at 0.500-0.560 EPS. As a group, equities research analysts forecast that Enhabit, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Enhabit

Several hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. increased its stake in Enhabit by 337.5% during the second quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock worth $25,000 after purchasing an additional 2,018 shares during the period. State of Alaska Department of Revenue purchased a new position in Enhabit in the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew 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 worth $44,000 after acquiring an additional 2,059 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 worth $56,000 after acquiring an additional 4,865 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Enhabit by 110,987.5% during the first quarter. Jones Financial Companies Lllp now owns 8,887 shares of the company’s stock worth $78,000 after acquiring an additional 8,879 shares during the period.

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.