Zacks Investment Research upgraded shares of Encompass Health (AMEX:EHC) from a sell rating to a hold rating in a research note published on Monday, Zacks.com reports.
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. “
Several other analysts also recently issued reports on EHC. Stephens initiated coverage on shares of Encompass Health in a research report on Monday, October 21st. They issued an overweight rating and a $77.00 price objective for the company. Deutsche Bank initiated coverage on shares of Encompass Health in a research report on Monday, September 16th. They issued a hold rating and a $70.00 price objective for the company. Raymond James lowered their price objective on shares of Encompass Health from $80.00 to $75.00 and set an outperform rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada reissued a buy rating on shares of Encompass Health in a research report on Wednesday, August 7th. Finally, Craig Hallum reissued a buy rating and set a $76.00 price target (down previously from $81.00) on shares of Encompass Health in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $74.60.
Encompass Health (AMEX:EHC) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $0.91 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year.
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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