Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $30.00 at JPMorgan Chase & Co.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from $29.00 to $30.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 43.91% from the stock's previous close.

CON has been the subject of a number of other reports. Wells Fargo & Company dropped their price target on shares of 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, Bank of America lifted their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $28.50.

Remove Ads

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock traded down $0.45 during trading hours on Wednesday, reaching $20.85. The company's stock had a trading volume of 1,431,087 shares, compared to its average volume of 748,558. The firm has a 50 day moving average price of $22.34 and a 200-day moving average price of $21.52. Concentra Group Holdings Parent has a one year low of $18.89 and a one year 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. The stock has a market cap of $2.65 billion and a P/E ratio of 13.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million. On average, analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $30,000. Motco purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $32,000. Shell Asset Management Co. purchased a new stake in Concentra Group Holdings Parent during the fourth quarter worth $48,000. Finally, Empowered Funds LLC purchased a new stake in Concentra Group Holdings Parent during the fourth quarter worth $49,000.

Concentra Group Holdings Parent Company Profile

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.