Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $28.63

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received an average recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.63.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. 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.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several institutional investors and hedge funds have recently made changes to their positions in CON. Vanguard Group Inc. boosted its stake in shares of Concentra Group Holdings Parent by 421.0% in the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after purchasing an additional 9,957,396 shares in the last quarter. Norges Bank acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $46,270,000. Principal Financial Group Inc. acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at $44,395,000. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $46,003,000. Finally, Geode Capital Management LLC boosted its stake in shares of Concentra Group Holdings Parent by 394.3% in the 4th quarter. Geode Capital Management LLC now owns 2,458,020 shares of the company’s stock valued at $48,631,000 after purchasing an additional 1,960,710 shares in the last quarter.

Concentra Group Holdings Parent Trading Down 3.1 %

Shares of CON stock opened at $22.37 on Monday. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The firm’s fifty day simple moving average is $21.22 and its 200 day simple moving average is $21.72. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

About Concentra Group Holdings Parent

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.