Brokerages Set Enhabit, Inc. (NYSE:EHAB) Price Target at $12.08

Shares of Enhabit, Inc. (NYSE:EHABGet Free Report) have been assigned an average rating of “Reduce” from the seven research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.08.

Several equities analysts have recently issued reports on EHAB shares. UBS Group upgraded Enhabit from a “sell” rating to a “neutral” rating and set a $9.50 target price for the company in a research report on Thursday, March 7th. Jefferies Financial Group cut their target price on shares of Enhabit from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Finally, Oppenheimer reissued a “market perform” rating on shares of Enhabit in a report on Thursday, March 7th.

Get Our Latest Report on EHAB

Hedge Funds Weigh In On Enhabit

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale grew its stake in shares of Enhabit by 12,146.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 244,924 shares of the company’s stock worth $2,543,000 after acquiring an additional 242,924 shares in the last quarter. Ancora Advisors LLC lifted its position in Enhabit by 414.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,705,788 shares of the company’s stock worth $19,190,000 after buying an additional 1,374,231 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Enhabit by 26.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 772,840 shares of the company’s stock worth $8,694,000 after buying an additional 160,776 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Enhabit in the 3rd quarter valued at about $1,111,000. Finally, JANA Partners Management LP acquired a new stake in shares of Enhabit in the third quarter valued at about $20,532,000.

Enhabit Stock Up 1.4 %

Shares of NYSE EHAB opened at $10.25 on Thursday. Enhabit has a 52-week low of $7.12 and a 52-week high of $14.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.53 and a current ratio of 1.53. The business has a fifty day moving average of $10.20 and a two-hundred day moving average of $9.85. The stock has a market cap of $514.14 million, a PE ratio of -6.33, a PEG ratio of 1.55 and a beta of 1.96.

Enhabit (NYSE:EHABGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $260.60 million during the quarter, compared to the consensus estimate of $260.30 million. Enhabit had a negative net margin of 7.69% and a positive return on equity of 1.55%. During the same period last year, the firm posted $0.32 EPS. As a group, equities research analysts expect that Enhabit will post 0.24 earnings per share for the current fiscal year.

About Enhabit

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Enhabit, Inc provides home health and hospice services in the United States. Its home health services include patient education, pain management, wound care and dressing changes, cardiac rehabilitation, infusion therapy, pharmaceutical administration, and skilled observation and assessment services; practices to treat chronic diseases and conditions, including diabetes, hypertension, arthritis, Alzheimer's disease, low vision, spinal stenosis, Parkinson's disease, osteoporosis, complex wound care and chronic pain, along with disease-specific plans for patients with diabetes, congestive heart failure, post-orthopedic surgery, or injury and respiratory diseases; and physical, occupational and speech therapists provide therapy services.

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Analyst Recommendations for Enhabit (NYSE:EHAB)

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