Stephens Initiates Coverage on Concentra Group Holdings Parent (NYSE:CON)

Stock analysts at Stephens initiated coverage on shares of Concentra Group Holdings Parent (NYSE:CON) in a report released on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $45.00 price target on the stock. Stephens’ price target indicates a potential upside of 17.81% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised Concentra Group Holdings Parent from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Jefferies Financial Group assumed coverage on Concentra Group Holdings Parent in a report on Friday. They set a “buy” rating and a $47.00 price target for the company. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 31st. Wells Fargo & Company raised their price objective on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on Concentra Group Holdings Parent from $34.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $41.29.

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock opened at $38.20 on Tuesday. The company has a 50 day moving average of $35.39 and a 200-day moving average of $29.99. Concentra Group Holdings Parent has a 1-year low of $18.55 and a 1-year high of $39.60. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 3.22. The company has a market cap of $4.87 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.40 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The business had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. As a group, equities research analysts forecast that Concentra Group Holdings Parent will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Concentra Group Holdings Parent news, Director Robert Ortenzio sold 130,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the sale, the director owned 503,455 shares of the company’s stock, valued at approximately $16,030,007.20. The trade was a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position 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 valued at $80,000 after purchasing an additional 343 shares during the period. Allworth Financial LP raised its holdings 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 worth $30,000 after purchasing an additional 417 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 421 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Concentra Group Holdings Parent by 1.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock worth $628,000 after purchasing an additional 536 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Concentra Group Holdings Parent in the 2nd quarter worth approximately $38,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.