Concentra Group Holdings Parent (NYSE:CON) Stock Price Expected to Rise, Bank of America Analyst Says

Concentra Group Holdings Parent (NYSE:CON) had its price target boosted by Bank of America from $24.00 to $25.00 in a research report sent to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Royal Bank of Canada lowered their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $28.63.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $23.50 on Thursday. The company has a 50 day moving average of $20.83. 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) last announced its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $59,000. GAMMA Investing LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth approximately $64,000. BNP Paribas Financial Markets purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $105,000. EMC Capital Management acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $122,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $208,000.

About Concentra Group Holdings Parent

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.