Concentra Group Holdings Parent (NYSE:CON) Earns “Outperform” Rating from Royal Bank of Canada

Concentra Group Holdings Parent (NYSE:CON)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $30.00 price objective on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 27.65% from the stock’s previous close.

Separately, Bank of America boosted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $28.63.

Concentra Group Holdings Parent Trading Down 0.4 %

Shares of NYSE:CON opened at $23.50 on Thursday. The company’s fifty day moving average is $20.83. Concentra Group Holdings Parent has a 12-month low of $18.89 and a 12-month high of $24.81. 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 earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several large investors have recently added to or reduced their stakes in the stock. EMC Capital Management bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $122,000. Sippican Capital Advisors bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $213,000. KBC Group NV bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $274,000. Linden Thomas Advisory Services LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $386,000. Finally, Wesbanco Bank Inc. bought a new stake in Concentra Group Holdings Parent during the fourth quarter worth approximately $602,000.

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.