Encompass Health (AMEX:EHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

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. “

EHC has been the subject of several other reports. Credit Suisse Group lifted their price objective on Encompass Health from $66.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. SunTrust Banks restated a “buy” rating and set a $82.00 price objective on shares of Encompass Health in a research report on Friday, July 20th. Piper Jaffray Companies upgraded Encompass Health from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 26th. Finally, Mizuho restated a “buy” rating and set a $82.00 price objective on shares of Encompass Health in a research report on Thursday, July 26th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $70.70.

Shares of Encompass Health stock opened at $57.67 on Wednesday. Encompass Health has a 1 year low of $40.86 and a 1 year high of $59.29.

Encompass Health (AMEX:EHC) last issued its quarterly earnings data on Monday, October 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.12. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. The business’s quarterly revenue was up 8.8% on a year-over-year basis.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Encompass Health by 0.6% in the 3rd quarter. BlackRock Inc. now owns 9,066,563 shares of the company’s stock valued at $706,739,000 after acquiring an additional 57,794 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Encompass Health by 2.4% in the 3rd quarter. William Blair Investment Management LLC now owns 5,147,580 shares of the company’s stock valued at $401,254,000 after acquiring an additional 120,103 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Encompass Health by 165.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,842,668 shares of the company’s stock valued at $143,635,000 after acquiring an additional 1,147,365 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Encompass Health by 47.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,803,128 shares of the company’s stock valued at $140,553,000 after acquiring an additional 579,715 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Encompass Health by 47.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,614,030 shares of the company’s stock valued at $109,302,000 after acquiring an additional 522,941 shares during the last quarter. Institutional investors own 93.18% 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.

Further Reading: Insider Trading – What You Need to Know

Get a free copy of the Zacks research report on Encompass Health (EHC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Encompass Health (AMEX:EHC)

Receive News & Ratings for Encompass Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encompass Health and related companies with MarketBeat.com's FREE daily email newsletter.