Bank of America Issues Positive Forecast for Concentra Group Holdings Parent (NYSE:CON) Stock Price

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) had its price target lifted by research analysts at Bank of America from $24.00 to $25.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's target price would suggest a potential upside of 6.00% from the stock's current price.

Separately, Royal Bank of Canada dropped their target price 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. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $28.63.

Concentra Group Holdings Parent Trading Up 6.5 %

CON traded up $1.45 on Thursday, reaching $23.59. The company had a trading volume of 2,405,236 shares, compared to its average volume of 791,057. Concentra Group Holdings Parent has a 52-week low of $18.89 and a 52-week 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. The business has a 50 day moving average of $20.71.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Concentra Group Holdings Parent

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