Concentra Group Holdings Parent (NYSE:CON) Upgraded to Buy at Bank of America

Bank of America upgraded shares of Concentra Group Holdings Parent (NYSE:CON) from a neutral rating to a buy rating in a research report released on Monday, MarketBeat.com reports. Bank of America currently has $24.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $27.00 target price on the stock. Mizuho assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “outperform” rating and a $28.00 target price for the company. Royal Bank of Canada reduced their price objective 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. Truist Financial began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $21.27 on Monday. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock’s fifty day moving average price is $20.79.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $105,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $208,000. MetLife Investment Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $297,000. Jane Street Group LLC acquired a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $584,000. Finally, Verition Fund Management LLC bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $661,000.

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.