JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Concentra Group Holdings Parent (NYSE:CON) Stock

Concentra Group Holdings Parent (NYSE:CON) had its target price raised by analysts at JPMorgan Chase & Co. from $29.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 42.49% from the company’s current price.

Several other brokerages also recently weighed in on CON. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd. Bank of America lifted their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Stock Up 1.0 %

Shares of NYSE:CON traded up $0.20 during midday trading on Wednesday, reaching $21.05. The company’s stock had a trading volume of 31,469 shares, compared to its average volume of 740,466. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The firm has a 50 day moving average of $22.26 and a 200-day moving average of $21.59. Concentra Group Holdings Parent has a 12-month low of $18.89 and a 12-month high of $24.81. The firm has a market capitalization of $2.68 billion and a P/E ratio of 13.89.

Concentra Group Holdings Parent (NYSE:CON) last issued its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $465.00 million. On average, research analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several large investors have recently modified their holdings of CON. Price T Rowe Associates Inc. MD boosted its position in shares of Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock worth $342,994,000 after purchasing an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after acquiring an additional 9,957,396 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Concentra Group Holdings Parent by 164.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock worth $170,317,000 after acquiring an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Concentra Group Holdings Parent in the 4th quarter worth $65,746,000. Finally, Norges Bank purchased a new position in shares of Concentra Group Holdings Parent in the fourth quarter valued at approximately $46,270,000.

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.