Concentra Group Holdings Parent (NYSE:CON) Given “Outperform” Rating at Royal Bank of Canada

Concentra Group Holdings Parent (NYSE:CON)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $30.00 price objective on the stock. Royal Bank of Canada’s price target suggests a potential upside of 26.10% from the stock’s current price.

Separately, Bank of America raised their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $28.63.

Concentra Group Holdings Parent Trading Up 7.5 %

CON traded up $1.65 during trading hours on Thursday, hitting $23.79. The stock had a trading volume of 726,246 shares, compared to its average volume of 658,016. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s fifty day simple moving average is $20.71. 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 issued 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 business had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Trading of Concentra Group Holdings Parent

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in Concentra Group Holdings Parent during the third quarter worth about $46,003,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $23,478,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent during the third quarter valued at $11,122,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $8,676,000.

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.