Bank of America Raises Concentra Group Holdings Parent (NYSE:CON) Price Target to $25.00

Concentra Group Holdings Parent (NYSE:CON) had its target price increased by investment analysts at Bank of America from $24.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 6.38% from the company’s current price.

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

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $23.50 on Thursday. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81. The firm’s fifty day moving average price is $20.83. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

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

Institutional Trading of Concentra Group Holdings Parent

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at $46,003,000. Loomis Sayles & Co. L P purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $8,676,000. State Street Corp purchased a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $6,804,000. Geode Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth $11,122,000. Finally, Jane Street Group LLC acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth $584,000.

Concentra Group Holdings Parent Company Profile

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.