Concentra Group Holdings Parent (NYSE:CON) Stock Gets Price Target Increase from Royal Bank Of Canada

Concentra Group Holdings Parent (NYSE:CON) had its price target upped by investment analysts at Royal Bank Of Canada from $42.00 to $49.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective would suggest a potential upside of 14.87% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Zacks Research raised shares of Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a report on Monday, August 31st. Weiss Ratings cut shares of Concentra Group Holdings Parent from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Mizuho set a $47.00 price objective on shares of Concentra Group Holdings Parent in a report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $44.00.

Concentra Group Holdings Parent Price Performance

CON traded down $0.01 during trading on Wednesday, hitting $42.66. The company’s stock had a trading volume of 48,675 shares, compared to its average volume of 956,885. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.93. Concentra Group Holdings Parent has a twelve month low of $18.96 and a twelve month high of $44.22. The business’s fifty day simple moving average is $37.34 and its 200 day simple moving average is $29.20. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.41 and a beta of 0.51.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $622.12 million during the quarter, compared to analysts’ expectations of $605.52 million. Concentra Group Holdings Parent had a return on equity of 48.11% and a net margin of 9.26%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities research analysts forecast that Concentra Group Holdings Parent will post 1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Concentra Group Holdings Parent by 17.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock valued at $80,000 after buying an additional 343 shares in the last quarter. Allworth Financial LP raised its holdings in shares of 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 acquiring an additional 417 shares during the period. GAMMA Investing LLC raised its holdings in shares of Concentra Group Holdings Parent by 14.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,436 shares of the company’s stock worth $118,000 after acquiring an additional 421 shares during the period. Hohimer Wealth Management LLC raised its holdings in shares of Concentra Group Holdings Parent by 4.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 12,412 shares of the company’s stock worth $427,000 after acquiring an additional 493 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Concentra Group Holdings Parent by 1.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock worth $628,000 after acquiring an additional 536 shares during the period.

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.