Concentra Group Holdings Parent (NYSE:CON) Stock Price Target Raised at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Concentra from $42 to $49 and maintained an “outperform” rating, implying 14.87% upside from the previous close.
• Analyst sentiment is broadly positive: MarketBeat reports an average “Buy” rating and a consensus price target of $44, with nine Buy ratings and one Strong Buy.
• Concentra beat quarterly estimates, reporting EPS of $0.52 versus $0.44 expected and revenue of $622.12 million versus $605.52 million; revenue grew 8.6% year over year.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) had its target price lifted by research analysts at Royal Bank Of Canada from $42.00 to $49.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 14.87% from the company's previous close.

CON has been the topic of several other reports. Truist Financial upped their price objective on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a "buy" rating in a report on Monday, August 10th. Wells Fargo & Company increased their price objective on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Jefferies Financial Group raised their target price on shares of Concentra Group Holdings Parent from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings downgraded shares of Concentra Group Holdings Parent from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Monday. Finally, Zacks Research upgraded shares of Concentra Group Holdings Parent from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $44.00.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON traded down $0.01 during trading on Wednesday, hitting $42.66. The stock had a trading volume of 48,675 shares, compared to its average volume of 956,885. Concentra Group Holdings Parent has a 12-month low of $18.96 and a 12-month high of $44.22. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.41 and a beta of 0.51. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.93. The stock has a 50-day simple moving average of $37.34 and a two-hundred day simple moving average of $29.20.

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 firm had revenue of $622.12 million during the quarter, compared to the consensus estimate of $605.52 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Concentra Group Holdings Parent will post 1.72 earnings per share for the current fiscal year.

Institutional Trading of Concentra Group Holdings Parent

A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Concentra Group Holdings Parent by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company's stock valued at $80,000 after buying an additional 343 shares in the last quarter. Allworth Financial LP raised its position in shares of Concentra Group Holdings Parent by 70.3% in the second quarter. Allworth Financial LP now owns 1,010 shares of the company's stock worth $30,000 after acquiring an additional 417 shares during the period. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 421 shares in the last quarter. Hohimer Wealth Management LLC boosted its stake in shares of Concentra Group Holdings Parent by 4.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 12,412 shares of the company's stock worth $427,000 after acquiring an additional 493 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Concentra Group Holdings Parent by 1.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company's stock worth $628,000 after acquiring an additional 536 shares in the last quarter.

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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