Enhabit (NYSE:EHAB) Shares Gap Up – Here’s Why

Enhabit, Inc. (NYSE:EHAB)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.51, but opened at $10.04. Enhabit shares last traded at $10.3140, with a volume of 291,501 shares changing hands.

Analyst Ratings Changes

EHAB has been the subject of several analyst reports. Truist Financial set a $10.50 target price on shares of Enhabit and gave the company a “hold” rating in a research note on Wednesday. UBS Group raised shares of Enhabit from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.50 to $12.00 in a research report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Enhabit in a research report on Tuesday, December 16th. Wolfe Research set a $12.00 price target on Enhabit in a report on Thursday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Enhabit in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.50.

Enhabit Stock Up 8.7%

The firm has a market cap of $523.05 million, a P/E ratio of -41.37 and a beta of 1.66. The firm’s 50-day moving average price is $8.94 and its 200 day moving average price is $8.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.58 and a quick ratio of 1.58.

Enhabit (NYSE:EHAB) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The firm had revenue of $263.60 million for the quarter, compared to analysts’ expectations of $267.08 million. Enhabit had a positive return on equity of 3.91% and a negative net margin of 1.14%.Enhabit has set its FY 2025 guidance at 0.500-0.560 EPS. On average, equities research analysts expect that Enhabit, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Enhabit

Several institutional investors have recently added to or reduced their stakes in the business. Phocas Financial Corp. acquired a new position in Enhabit during the 2nd quarter valued at approximately $3,094,000. Dynamic Technology Lab Private Ltd acquired a new stake in Enhabit in the second quarter worth $717,000. Campbell & CO Investment Adviser LLC bought a new stake in Enhabit in the second quarter valued at $958,000. Y Intercept Hong Kong Ltd lifted its stake in Enhabit by 252.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 75,728 shares of the company’s stock valued at $730,000 after buying an additional 54,213 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in shares of Enhabit during the second quarter valued at $1,154,000.

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.