Concentra Group Holdings Parent (NYSE:CON) Shares Gap Up After Analyst Upgrade

Concentra Group Holdings Parent, Inc. (NYSE:CON)’s share price gapped up prior to trading on Thursday after Bank of America raised their price target on the stock from $24.00 to $25.00. The stock had previously closed at $22.14, but opened at $22.69. Bank of America currently has a buy rating on the stock. Concentra Group Holdings Parent shares last traded at $23.50, with a volume of 43,549 shares trading hands.

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $59,000. GAMMA Investing LLC purchased a new position in Concentra Group Holdings Parent during the fourth quarter worth approximately $64,000. BNP Paribas Financial Markets acquired a new position in Concentra Group Holdings Parent during the third quarter worth $105,000. The Manufacturers Life Insurance Company purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter valued at $208,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth $297,000.

Concentra Group Holdings Parent Trading Up 6.8 %

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 firm has a fifty day simple moving average of $20.71.

Concentra Group Holdings Parent (NYSE:CON) last released 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 firm had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced 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 of this dividend was Wednesday, November 13th.

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.