Stephens Issues Positive Forecast for Concentra Group Holdings Parent (NYSE:CON) Stock Price

Key Points

• Stephens raised its price target on Concentra from $45 to $51 and maintained an “overweight” rating, implying 21.31% upside from the prior close.
• Analyst sentiment is broadly positive: the stock has a consensus “Buy” rating and an average price target of $42.14, with two Strong Buy and eight Buy ratings.
• Concentra beat quarterly earnings and revenue expectations, reporting EPS of $0.52 versus $0.44 expected and revenue of $622.12 million; revenue increased 8.6% year over year.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) had its price objective boosted by investment analysts at Stephens from $45.00 to $51.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Stephens's price objective would suggest a potential upside of 21.31% from the stock's previous close.

Several other analysts also recently weighed in on CON. Royal Bank Of Canada lifted their price objective on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Jefferies Financial Group initiated coverage on shares of Concentra Group Holdings Parent in a research report on Friday, October 16th. They issued a "buy" rating and a $47.00 target price for the company. Wells Fargo & Company upped their target price on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Concentra Group Holdings Parent from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 31st. Finally, Truist Financial lifted their price target on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a "buy" rating in a report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $42.14.

Concentra Group Holdings Parent Price Performance

Shares of CON opened at $42.04 on Monday. The company has a market cap of $5.36 billion, a P/E ratio of 24.88, a PEG ratio of 1.52 and a beta of 0.50. The stock has a fifty day moving average price of $37.00 and a 200 day moving average price of $28.99. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.30 and a quick ratio of 1.30. Concentra Group Holdings Parent has a 12 month low of $18.89 and a 12 month high of $44.22.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CON. Russell Investments Group Ltd. grew its stake in shares of Concentra Group Holdings Parent by 4.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 318,846 shares of the company's stock valued at $10,975,000 after buying an additional 12,821 shares in the last quarter. R Squared Ltd acquired a new position in Concentra Group Holdings Parent in the third quarter worth approximately $201,000. Maryland State Retirement & Pension System raised its position in Concentra Group Holdings Parent by 51.5% during the third quarter. Maryland State Retirement & Pension System now owns 26,318 shares of the company's stock valued at $906,000 after acquiring an additional 8,946 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in Concentra Group Holdings Parent by 2.3% during the third quarter. Illinois Municipal Retirement Fund now owns 59,883 shares of the company's stock valued at $2,061,000 after acquiring an additional 1,324 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new position in Concentra Group Holdings Parent during the third quarter valued at approximately $35,000.

About Concentra Group Holdings Parent

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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