Concentra Group Holdings Parent (NYSE:CON) Given New $50.00 Price Target at Jefferies Financial Group

Concentra Group Holdings Parent (NYSE:CON) had its price objective upped by investment analysts at Jefferies Financial Group from $47.00 to $50.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 17.90% from the company’s current price.

A number of other brokerages have also recently issued reports on CON. Wells Fargo & Company lifted 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. Mizuho set a $47.00 price objective on Concentra Group Holdings Parent in a research note on Monday. Truist Financial boosted their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 23rd. Finally, JPMorgan Chase & Co. lifted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $43.12.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.19 on Monday, reaching $42.41. The stock had a trading volume of 1,065,950 shares, compared to its average volume of 962,026. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $5.41 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50. The firm has a fifty day moving average of $37.00 and a two-hundred day moving average of $28.99. Concentra Group Holdings Parent has a 1-year low of $18.96 and a 1-year high of $44.22.

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position 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 valued at $30,000 after acquiring an additional 417 shares during the period. Fulcrum Asset Management LLP purchased a new stake in Concentra Group Holdings Parent in the third quarter worth about $35,000. Integrated Wealth Concepts LLC purchased a new stake in Concentra Group Holdings Parent in the second quarter worth about $38,000. Heritage Family Offices LLP bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $57,000. Finally, Nykredit A S bought a new position in shares of Concentra Group Holdings Parent during the second quarter valued at approximately $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.