Consider Buying Encompass Health Stock For 20% Upside
- Date: 19-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Consider Buying Encompass Health Stock For 20% Upside
KIEV, UKRAINE - 2019/01/11: In this photo illustration, the Encompass Health, Healthcare company ... [+] logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)
LightRocket via Getty Images
We believe that the stock price of Encompass Health (NYSE: EHC), best known for its facility-based and home-based post-acute healthcare services, could offer an upside of roughly 20% from the current levels. EHC stock trades at $68 currently and it is down 17% from the pre-Covid high of $81 seen in February. Also, EHC stock has gained 38% from the low of $49 seen in March 2020, as the Fed stimulus largely put investor concerns about the near-term survival of companies to rest.
For Encompass Health, the inpatient rehabilitation