Encompass Health (AMEX:EHC) Cut to Sell at Zacks Investment Research

Encompass Health (AMEX:EHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, 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 have also commented on the company. BMO Capital Markets began coverage on Encompass Health in a report on Thursday, June 27th. They set an “outperform” rating and a $72.00 price objective for the company. Barclays upgraded Encompass Health from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $70.00 in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $74.50.

Encompass Health has a twelve month low of $40.86 and a twelve month high of $59.29.

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

In related news, CEO Mark J. Tarr sold 67,382 shares of the firm’s stock in a transaction 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 accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

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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