Concentra Group Holdings Parent (NYSE:CON) Stock Gets Price Target Boost from Wells Fargo & Company

Concentra Group Holdings Parent (NYSE:CON) had its price target increased by Wells Fargo & Company from $40.00 to $48.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 13.76% from the company’s previous close.

CON has been the subject of several other research reports. JPMorgan Chase & Co. boosted their target price on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Mizuho set a $47.00 target price on shares of Concentra Group Holdings Parent in a research note on Monday. Jefferies Financial Group increased their price target on shares of Concentra Group Holdings Parent from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial lifted their price target on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Stephens boosted their price objective on Concentra Group Holdings Parent from $45.00 to $51.00 and gave the company an “overweight” rating in a report on Monday. One equities 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 has an average rating of “Buy” and a consensus price target of $45.00.

Concentra Group Holdings Parent Stock Down 1.8%

Shares of CON stock traded down $0.80 during mid-day trading on Friday, reaching $42.20. 69,443 shares of the company were exchanged, compared to its average volume of 954,751. Concentra Group Holdings Parent has a fifty-two week low of $18.96 and a fifty-two week 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 company has a market capitalization of $5.38 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.37 and a beta of 0.51. The business’s 50 day simple moving average is $37.71 and its 200 day simple moving average is $29.41.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. Concentra Group Holdings Parent had a net margin of 9.26% and a return on equity of 48.11%. The firm had revenue of $622.12 million for the quarter, compared to analysts’ expectations of $605.52 million. During the same period in the prior year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts predict that Concentra Group Holdings Parent will post 1.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CON. Farther Finance Advisors LLC grew its stake in Concentra Group Holdings Parent by 17.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock worth $80,000 after buying an additional 343 shares during the last quarter. Allworth Financial LP lifted its stake in Concentra Group Holdings Parent by 70.3% in the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock valued at $30,000 after buying an additional 417 shares during the last quarter. GAMMA Investing LLC lifted its stake in Concentra Group Holdings Parent by 14.0% in the third quarter. GAMMA Investing LLC now owns 3,436 shares of the company’s stock valued at $118,000 after buying an additional 421 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of Concentra Group Holdings Parent by 4.1% during the third quarter. Hohimer Wealth Management LLC now owns 12,412 shares of the company’s stock valued at $427,000 after acquiring an additional 493 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Concentra Group Holdings Parent by 1.9% during the first quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock valued at $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.