Concentra Group Holdings Parent (NYSE:CON) Shares Gap Up - Time to Buy?

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $20.50, but opened at $21.09. Concentra Group Holdings Parent shares last traded at $21.14, with a volume of 97,455 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America upgraded Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Monday. Wells Fargo & Company assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an "overweight" rating and a $27.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an "overweight" rating and a $29.00 price target for the company. Mizuho initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an "outperform" rating and a $28.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $29.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of "Buy" and an average price target of $28.50.

Concentra Group Holdings Parent Stock Performance

The company has a 50-day moving average price of $20.75. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analysts' expectations of $492.61 million. Concentra Group Holdings Parent's revenue was up 3.3% on a year-over-year basis. Research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

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

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.