Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $28.63 Consensus PT from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has been assigned an average rating of "Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $28.63.

CON has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America raised their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Ceredex Value Advisors LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth $4,264,000. Keeley Teton Advisors LLC acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth $1,864,000. XTX Topco Ltd acquired a new position in Concentra Group Holdings Parent during the 4th quarter worth $869,000. Barclays PLC grew its holdings in Concentra Group Holdings Parent by 530.8% during the 4th quarter. Barclays PLC now owns 200,340 shares of the company's stock worth $3,963,000 after acquiring an additional 168,579 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in Concentra Group Holdings Parent by 384.6% during the 4th quarter. Ameritas Investment Partners Inc. now owns 11,151 shares of the company's stock worth $221,000 after acquiring an additional 8,850 shares in the last quarter.

Concentra Group Holdings Parent Stock Performance

CON traded up $0.45 during trading hours on Monday, reaching $22.81. 552,090 shares of the stock traded hands, compared to its average volume of 809,838. The firm's fifty day simple moving average is $21.27 and its two-hundred day simple moving average is $21.73. Concentra Group Holdings Parent has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

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.