Concentra Group Holdings Parent (NYSE:CON) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Concentra Group Holdings Parent (NYSE:CON) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 40.75% from the stock’s previous close.

Several other equities analysts have also commented on the company. Wells Fargo & Company reduced their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Royal Bank of Canada reissued 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 boosted their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Concentra Group Holdings Parent presently has a consensus rating of “Buy” and a consensus target price of $28.50.

Concentra Group Holdings Parent Trading Up 1.4 %

Shares of Concentra Group Holdings Parent stock opened at $21.31 on Wednesday. The company has a 50 day simple moving average of $22.32 and a two-hundred day simple moving average of $21.58. The firm has a market cap of $2.71 billion and a PE ratio of 14.12. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 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.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CON. Oppenheimer Asset Management Inc. bought a new stake in Concentra Group Holdings Parent in the 3rd quarter worth $675,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $36,672,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Concentra Group Holdings Parent in the third quarter worth about $4,244,000. Loomis Sayles & Co. L P purchased a new position in Concentra Group Holdings Parent during the 3rd quarter valued at about $8,676,000. Finally, The Manufacturers Life Insurance Company bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $208,000.

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.