Bank of America Upgrades Concentra Group Holdings Parent (NYSE:CON) to "Buy"

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) was upgraded by stock analysts at Bank of America from a "neutral" rating to a "buy" rating in a research note issued on Monday, MarketBeat.com reports. The brokerage currently has a $24.00 target price on the stock. Bank of America's price objective would suggest a potential upside of 12.89% from the company's current price.

A number of other equities analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a "buy" rating and a $29.00 price objective for the company. Royal Bank of Canada decreased their price target on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an "overweight" rating and a $29.00 price objective on the stock. Truist Financial started coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set a "buy" rating and a $29.00 target price for the company. Finally, Mizuho assumed coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an "outperform" rating and a $28.00 price target on the stock. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of "Buy" and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.76 on Monday, hitting $21.26. 656,963 shares of the company's stock traded hands, compared to its average volume of 693,485. The stock's 50-day moving average price is $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 has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted 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. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. purchased a new position in Concentra Group Holdings Parent during the third quarter worth about $3,336,000. Barclays PLC acquired a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $710,000. Geode Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at approximately $11,122,000. Jane Street Group LLC acquired a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $584,000. Finally, Soros Fund Management LLC acquired a new stake in Concentra Group Holdings Parent during the third quarter worth $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.