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

Concentra Group Holdings Parent (NYSE:CON) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a $24.00 price target on the stock. Bank of America‘s price objective points to a potential upside of 16.79% from the stock’s current price.

A number of other research firms have also recently issued reports on CON. Royal Bank of Canada cut 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. Wells Fargo & Company assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $27.00 price target for the company. Mizuho began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “outperform” rating and a $28.00 price objective on the stock. Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 price target on the stock. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $20.55 on Monday. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s fifty day moving average price is $20.79. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $105,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $208,000. MetLife Investment Management LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $297,000. Jane Street Group LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $584,000. Finally, Verition Fund Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter worth 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.