Bank of America Forecasts Strong Price Appreciation for Concentra Group Holdings Parent (NYSE:CON) Stock

Concentra Group Holdings Parent (NYSE:CON) had its price target upped by Bank of America from $24.00 to $25.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 12.92% from the company’s current price.

Separately, Royal Bank of Canada dropped their target price on shares of 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently has an average rating of “Buy” and a consensus target price of $28.63.

Concentra Group Holdings Parent Trading Down 0.7 %

Shares of CON stock opened at $22.14 on Thursday. The business has a fifty day simple moving average of $20.71. Concentra Group Holdings Parent has a 52-week low of $18.89 and a 52-week high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

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 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 was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $46,003,000. Massachusetts Financial Services Co. MA bought a new position in Concentra Group Holdings Parent during the third quarter valued at $36,672,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $23,478,000. Geode Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $11,122,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth about $8,676,000.

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.