Concentra Group Holdings Parent (NYSE:CON) Now Covered by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reissued an "overweight" rating for Concentra Group Holdings Parent (NYSE:CON), with a price target of $31.00, indicating a potential upside of 49% from its current price.
• The company's latest earnings report revealed a net margin of 7.44% and revenue of $550.80 million, surpassing analyst expectations.
• Concentra's stock has seen a decline of 2.8%, opening at $20.81, while it holds a market capitalization of $2.67 billion.

Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent (NYSE:CON - Get Free Report) in a research note issued on Thursday, Marketbeat reports. The brokerage set an "overweight" rating and a $31.00 price target on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 49.60% from the stock's current price.

Concentra Group Holdings Parent Price Performance

Shares of CON traded down $0.30 during mid-day trading on Thursday, reaching $20.72. The company had a trading volume of 2,802,928 shares, compared to its average volume of 1,006,788. The company's 50 day simple moving average is $21.60 and its 200 day simple moving average is $21.37. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.32. The company has a debt-to-equity ratio of 4.75, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.92 and a beta of 0.98.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.37 earnings per share for the quarter, meeting analysts' consensus estimates of $0.37. Concentra Group Holdings Parent had a net margin of 7.44% and a return on equity of 50.84%. The company had revenue of $550.80 million for the quarter, compared to the consensus estimate of $537.36 million. During the same period last year, the company posted $0.49 EPS. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. Concentra Group Holdings Parent has set its FY 2025 guidance at EPS. Analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Concentra Group Holdings Parent by 124.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company's stock worth $25,000 after buying an additional 663 shares during the period. MAI Capital Management boosted its position in Concentra Group Holdings Parent by 48,400.0% during the 2nd quarter. MAI Capital Management now owns 1,940 shares of the company's stock worth $40,000 after buying an additional 1,936 shares during the period. Osaic Holdings Inc. boosted its position in Concentra Group Holdings Parent by 59.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,041 shares of the company's stock worth $42,000 after buying an additional 761 shares during the period. CWM LLC boosted its position in Concentra Group Holdings Parent by 32.5% during the 2nd quarter. CWM LLC now owns 2,148 shares of the company's stock worth $44,000 after buying an additional 527 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Concentra Group Holdings Parent during the 1st quarter worth approximately $53,000.

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.