Concentra Group Holdings Parent (NYSE:CON) Stock Rating Upgraded by Bank of America

Concentra Group Holdings Parent (NYSE:CON) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Monday, MarketBeat Ratings reports. The firm presently has a $24.00 price target on the stock. Bank of America‘s target price suggests a potential upside of 16.79% from the stock’s current price.

A number of other analysts have also issued reports on CON. The Goldman Sachs Group initiated coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $32.00 target price on the stock. Mizuho began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “outperform” rating and a $28.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Truist Financial assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $29.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Concentra Group Holdings Parent has a consensus rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Price Performance

NYSE:CON opened at $20.55 on Monday. The company has a 50 day moving average price of $20.79. 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 12 month low of $18.89 and a 12 month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its 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 firm had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The company’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Trading of Concentra Group Holdings Parent

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $3,336,000. Barclays PLC acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth approximately $710,000. Geode Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $11,122,000. Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $584,000. Finally, Soros Fund Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $5,590,000.

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.