Weiss Ratings Reiterates "Hold (C)" Rating for Concentra Group Holdings Parent (NYSE:CON)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Concentra Group Holdings Parent, indicating a cautious outlook on the stock.
• JPMorgan Chase & Co. has initiated coverage with an "overweight" rating and a price target of $31.00, while the average target price among analysts is $27.75.
• Concentra reported a quarterly revenue of $550.8 million, exceeding expectations, and achieved an earnings per share (EPS) of $0.37.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an "overweight" rating and a $31.00 price objective for the company. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Concentra Group Holdings Parent has an average rating of "Moderate Buy" and a consensus target price of $27.75.

Concentra Group Holdings Parent Price Performance

NYSE CON traded down $0.09 during mid-day trading on Wednesday, hitting $20.87. The stock had a trading volume of 510,062 shares, compared to its average volume of 963,825. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.75. The company has a 50 day simple moving average of $21.83 and a 200 day simple moving average of $21.31. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.91 and a beta of 0.77. Concentra Group Holdings Parent has a 52-week low of $18.90 and a 52-week high of $24.32.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CWM LLC lifted its position in shares of Concentra Group Holdings Parent by 32.5% in the second quarter. CWM LLC now owns 2,148 shares of the company's stock worth $44,000 after buying an additional 527 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Concentra Group Holdings Parent by 19.3% during the first quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock worth $78,000 after purchasing an additional 577 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Concentra Group Holdings Parent by 124.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company's stock worth $25,000 after purchasing an additional 663 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Concentra Group Holdings Parent by 59.5% during the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company's stock valued at $42,000 after buying an additional 761 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Concentra Group Holdings Parent by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 11,932 shares of the company's stock valued at $245,000 after buying an additional 781 shares during the period.

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.

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