Consider Buying Encompass Health Stock For 20% Upside

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