Encompass Health (AMEX:EHC) Upgraded to Buy at Zacks Investment Research

Encompass Health (AMEX:EHC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $70.00 price target on the stock.

According to Zacks, “Encompass Health Corporation provides inpatient rehabilitation hospitals and home-based care services. It offers facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. Encompass Health Corporation, formerly known as HealthSouth Corporation, is headquartered in Birmingham, Alabama. “

Separately, Barclays raised Encompass Health from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $68.00 to $70.00 in a research report on Thursday, May 30th. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $78.33.

Encompass Health has a 52-week low of $40.86 and a 52-week high of $59.29.

Encompass Health (AMEX:EHC) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.15. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 EPS.

In other news, CEO Mark J. Tarr sold 67,382 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $63.56, for a total value of $4,282,799.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Encompass Health Company Profile

Encompass Health Corporation, formerly HealthSouth Corporation, is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies.

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Analyst Recommendations for Encompass Health (AMEX:EHC)

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