Concentra Group Holdings Parent (NYSE:CON) Upgraded at Bank of America

Bank of America upgraded shares of Concentra Group Holdings Parent (NYSE:CON) from a neutral rating to a buy rating in a report published on Monday, Marketbeat.com reports. Bank of America currently has $24.00 price target on the stock.

Several other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 target price on the stock. Wells Fargo & Company started coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “overweight” rating and a $27.00 target price for the company. Mizuho assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “outperform” rating and a $28.00 price target on the stock. Truist Financial started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $32.00 target price on the stock. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Stock Down 5.2 %

Shares of CON opened at $19.48 on Monday. The business has a fifty day moving average price of $20.80. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. 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 (NYSE:CON) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CON. BNP Paribas Financial Markets bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $105,000. The Manufacturers Life Insurance Company acquired a new position in Concentra Group Holdings Parent in the third quarter worth $208,000. MetLife Investment Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter valued at $297,000. Jane Street Group LLC acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $584,000. Finally, Verition Fund Management LLC bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $661,000.

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.