Wells Fargo & Company Issues Pessimistic Forecast for Concentra Group Holdings Parent (NYSE:CON) Stock Price

Concentra Group Holdings Parent (NYSE:CON) had its target price reduced by analysts at Wells Fargo & Company from $27.00 to $25.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 21.21% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Bank of America raised their target price on 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. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.38.

Concentra Group Holdings Parent Stock Up 0.0 %

CON stock opened at $20.63 on Wednesday. The stock has a fifty day moving average of $22.17 and a 200-day moving average of $21.68. 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 market capitalization of $2.63 billion and a price-to-earnings ratio of 13.66. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. As a group, equities research analysts predict that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Institutional Trading of Concentra Group Holdings Parent

A number of hedge funds have recently bought and sold shares of CON. Smartleaf Asset Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at about $30,000. Motco purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth about $32,000. Shell Asset Management Co. purchased a new stake in Concentra Group Holdings Parent during the 4th quarter valued at about $48,000. Finally, Empowered Funds LLC bought a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $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.