Deutsche Bank Initiates Coverage on Encompass Health (AMEX:EHC)

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Deutsche Bank assumed coverage on shares of Encompass Health (AMEX:EHC) in a research note issued to investors on Monday, BenzingaRatingsTable reports. The firm issued a hold rating and a $70.00 target price on the stock.

A number of other analysts also recently issued reports on the company. BMO Capital Markets initiated coverage on Encompass Health in a report on Thursday, June 27th. They set an outperform rating and a $72.00 price target for the company. Craig Hallum reaffirmed a buy rating and set a $76.00 price target (down from $81.00) on shares of Encompass Health in a report on Monday, August 12th. Raymond James decreased their price target on Encompass Health from $80.00 to $75.00 and set an outperform rating for the company in a report on Wednesday, July 31st. Bank of America raised Encompass Health from a neutral rating to a buy rating and set a $73.00 price target for the company in a report on Friday, September 6th. Finally, Piper Jaffray Companies set a $77.00 price target on Encompass Health and gave the stock a buy rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $74.33.

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

Encompass Health (AMEX:EHC) last released its earnings results on Monday, July 29th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.11. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share.

About Encompass Health

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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