Enhabit, Inc. (NYSE:EHAB) Receives $13.57 Average PT from Brokerages

Enhabit, Inc. (NYSE:EHAB) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.5714.

A number of equities research analysts recently weighed in on EHAB shares. Weiss Ratings restated a “sell (d-)” rating on shares of Enhabit in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Enhabit to a “buy” rating in a research note on Tuesday, January 13th. Wolfe Research set a $12.00 price objective on shares of Enhabit in a research note on Thursday, January 8th. Leerink Partners lifted their price objective on shares of Enhabit from $9.50 to $13.80 and gave the company a “market perform” rating in a research note on Monday, February 23rd. Finally, Truist Financial set a $13.80 price objective on shares of Enhabit in a research note on Monday, February 23rd.

Insider Buying and Selling

In other Enhabit news, EVP Julie Diane Jolley sold 2,793 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $13.63, for a total value of $38,068.59. Following the sale, the executive vice president directly owned 139,923 shares in the company, valued at approximately $1,907,150.49. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On Enhabit

Several hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Enhabit by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,813 shares of the company’s stock worth $262,000 after acquiring an additional 1,248 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in Enhabit by 1.0% in the third quarter. Orion Porfolio Solutions LLC now owns 144,016 shares of the company’s stock worth $1,154,000 after acquiring an additional 1,361 shares in the last quarter. Strs Ohio raised its position in Enhabit by 10.9% in the third quarter. Strs Ohio now owns 15,300 shares of the company’s stock worth $123,000 after acquiring an additional 1,500 shares in the last quarter. Osaic Holdings Inc. raised its position in Enhabit by 337.5% in the second quarter. Osaic Holdings Inc. now owns 2,616 shares of the company’s stock worth $25,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in 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.

Enhabit Price Performance

Shares of NYSE EHAB opened at $13.75 on Thursday. Enhabit has a fifty-two week low of $6.47 and a fifty-two week high of $14.22. The firm’s 50-day simple moving average is $13.63 and its 200 day simple moving average is $10.91. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.76. The stock has a market cap of $704.10 million, a P/E ratio of -152.72 and a beta of 1.45.

Enhabit (NYSE:EHAB) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Enhabit had a negative net margin of 0.43% and a positive return on equity of 4.71%. The business had revenue of $270.40 million for the quarter, compared to analysts’ expectations of $270.56 million. Equities analysts expect that Enhabit will post 0.54 EPS for the current 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.