Bank of America Forecasts Strong Price Appreciation for Concentra Group Holdings Parent (NYSE:CON) Stock

Concentra Group Holdings Parent (NYSE:CON) had its price target upped by Bank of America from $24.00 to $25.00 in a research note released on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

Separately, Royal Bank of Canada reduced their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $28.63.

Concentra Group Holdings Parent Stock Performance

NYSE:CON opened at $23.59 on Thursday. The stock has a 50 day moving average price of $20.77. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were given a $0.0625 dividend. The ex-dividend date of this dividend was Wednesday, November 13th.

Institutional Trading of Concentra Group Holdings Parent

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $46,003,000. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent during the third quarter worth $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Concentra Group Holdings Parent during the third quarter worth $23,478,000. Geode Capital Management LLC acquired a new position in Concentra Group Holdings Parent during the 3rd quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P bought a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $8,676,000.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.