Concentra Group Holdings Parent (NYSE:CON) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Concentra Group Holdings Parent (NYSE:CON) had its target price increased by stock analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 42.49% from the stock’s previous close.

Several other research analysts have also weighed in on CON. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Bank of America increased their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $28.50.

Concentra Group Holdings Parent Price Performance

CON stock traded up $0.20 on Wednesday, reaching $21.05. 31,469 shares of the company’s stock were exchanged, compared to its average volume of 740,466. The stock has a fifty day moving average of $22.26 and a 200-day moving average of $21.59. The firm has a market cap of $2.68 billion and a PE ratio of 13.89. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. As a group, equities analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Concentra Group Holdings Parent by 450.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock worth $342,994,000 after buying an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. grew its holdings in Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock worth $243,741,000 after purchasing an additional 9,957,396 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Concentra Group Holdings Parent by 164.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock valued at $170,317,000 after buying an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $65,746,000. Finally, Norges Bank bought a new stake in Concentra Group Holdings Parent in the 4th quarter worth about $46,270,000.

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.