Concentra Group Holdings Parent (NYSE:CON) Sets New 12-Month High – Here’s Why

Concentra Group Holdings Parent, Inc. (NYSE:CON) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $41.71 and last traded at $41.4050, with a volume of 572,167 shares. The stock had previously closed at $40.15.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, October 23rd. Truist Financial increased their price objective on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Jefferies Financial Group started coverage on Concentra Group Holdings Parent in a research note on Friday, October 16th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Royal Bank Of Canada upped 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. Two investment 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, the stock currently has a consensus rating of “Buy” and an average target price of $41.29.

Concentra Group Holdings Parent Trading Up 7.9%

The company has a 50-day moving average of $36.54 and a 200 day moving average of $28.68. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $5.52 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.47 and a beta of 0.51.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $606.03 million for the quarter, compared to the consensus estimate of $591.75 million. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Analysts predict that Concentra Group Holdings Parent, Inc. will post 1.65 earnings per share for the current year.

Institutional Trading of Concentra Group Holdings Parent

Institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC increased its position in shares of Concentra Group Holdings Parent by 195.8% during the first quarter. Jennison Associates LLC now owns 2,172,291 shares of the company’s stock valued at $46,596,000 after acquiring an additional 1,437,912 shares in the last quarter. Alps Advisors Inc. bought a new position in Concentra Group Holdings Parent in the third quarter valued at about $16,069,000. Ancora Advisors LLC bought a new position in Concentra Group Holdings Parent in the second quarter valued at about $13,285,000. Janus Henderson Group PLC boosted its position in Concentra Group Holdings Parent by 722.9% in the first quarter. Janus Henderson Group PLC now owns 419,772 shares of the company’s stock worth $9,003,000 after purchasing an additional 368,761 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Concentra Group Holdings Parent during the third quarter valued at approximately $7,951,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.