Concentra Group Holdings Parent (NYSE:CON) Stock Gets Price Target Boost from Stephens

Concentra Group Holdings Parent (NYSE:CON) had its price target hoisted by Stephens from $45.00 to $51.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens‘s price objective suggests a potential upside of 21.31% from the company’s previous close.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada raised their price objective on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Weiss Ratings upgraded Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 23rd. Wells Fargo & Company increased their price target on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group began coverage on Concentra Group Holdings Parent in a report on Friday, October 16th. They set a “buy” rating and a $47.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $42.14.

Concentra Group Holdings Parent Stock Down 0.4%

NYSE CON opened at $42.04 on Monday. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $44.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50-day simple moving average of $37.00 and a 200 day simple moving average of $28.99. The stock has a market cap of $5.36 billion, a PE ratio of 24.88, a PEG ratio of 1.52 and a beta of 0.50.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Concentra Group Holdings Parent had a return on equity of 48.11% and a net margin of 9.26%. The company had revenue of $622.12 million for the quarter, compared to analyst estimates of $605.52 million. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Concentra Group Holdings Parent will post 1.67 EPS for the current year.

Institutional Trading of Concentra Group Holdings Parent

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in Concentra Group Holdings Parent by 70.3% during the 2nd quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock worth $30,000 after buying an additional 417 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $35,000. Integrated Wealth Concepts LLC bought a new stake in shares of Concentra Group Holdings Parent during the second quarter worth $38,000. Heritage Family Offices LLP bought a new stake in shares of Concentra Group Holdings Parent during the third quarter worth $57,000. Finally, Nykredit A S bought a new stake in shares of Concentra Group Holdings Parent during the second quarter worth $60,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent Inc provides occupational health services to employers and their workforces in the United States. Its services include workplace injury care, occupational medicine, urgent care, physical therapy and employee health programs.

The company delivers care through occupational health centers, employer-site clinics and virtual services. Its offerings also support employers with services such as workplace health assessments and workers’ compensation-related care.

Concentra traces its origins to 1979 and became part of Select Medical in 2015.