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

Key Points

• Jefferies raised its price target on Concentra from $47 to $50 and maintained a Buy rating, implying 17.9% upside from the current share price. Stephens also raised its target to $51; analysts’ consensus rating is Buy, with a $43.12 average target.
• Concentra beat quarterly estimates, reporting EPS of $0.52 versus $0.44 expected and revenue of $622.12 million versus $605.52 million expected. Revenue rose 8.6% year over year.
• Shares traded at $42.41 on Monday, up 0.4%, and were near their one-year high of $44.22.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) had its price target raised by equities researchers at Jefferies Financial Group from $47.00 to $50.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's price target would indicate a potential upside of 17.90% from the stock's current price.

A number of other equities research analysts also recently commented on CON. Stephens increased their price objective on Concentra Group Holdings Parent from $45.00 to $51.00 and gave the company an "overweight" rating in a research report on Monday. Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, October 23rd. Royal Bank Of Canada increased their price objective on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Mizuho set a $47.00 price target on Concentra Group Holdings Parent in a research note on Monday. Finally, Zacks Research upgraded Concentra Group Holdings Parent from a "hold" rating to a "strong-buy" rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, Concentra Group Holdings Parent has an average rating of "Buy" and a consensus target price of $43.12.

Concentra Group Holdings Parent Stock Up 0.4%

NYSE:CON traded up $0.19 during trading hours on Monday, hitting $42.41. The stock had a trading volume of 1,065,950 shares, compared to its average volume of 962,026. Concentra Group Holdings Parent has a 1-year low of $18.96 and a 1-year high of $44.22. The company has a market cap of $5.41 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.93. The business has a 50 day simple moving average of $37.00 and a two-hundred day simple moving average of $28.99.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. Concentra Group Holdings Parent had a return on equity of 48.11% and a net margin of 9.26%. The company had revenue of $622.12 million for the quarter, compared to the consensus estimate of $605.52 million. During the same quarter last year, the business posted $0.39 EPS. Concentra Group Holdings Parent's quarterly revenue was up 8.6% compared to the same quarter last year. Analysts predict that Concentra Group Holdings Parent will post 1.67 EPS for the current year.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its stake in shares of 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 in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Concentra Group Holdings Parent in the third quarter valued at $35,000. Integrated Wealth Concepts LLC acquired a new position in Concentra Group Holdings Parent during the second quarter worth $38,000. Heritage Family Offices LLP bought a new stake in Concentra Group Holdings Parent during the third quarter worth $57,000. Finally, Nykredit A S bought a new stake in Concentra Group Holdings Parent during the second quarter worth $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.

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