Concentra Group Holdings Parent (NYSE:CON) Stock Picked Up by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group began coverage on shares of Concentra Group Holdings Parent (NYSE:CON) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $47.00 price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 21.86% from the company’s previous close.

Several other research firms also recently weighed in on CON. Royal Bank Of Canada upped their price target on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 31st. Truist Financial lifted their price objective on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, August 10th. William Blair started coverage on Concentra Group Holdings Parent in a report on Wednesday, July 1st. They issued an “outperform” rating on the stock. Finally, Weiss Ratings raised Concentra Group Holdings Parent from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat, Concentra Group Holdings Parent currently has an average rating of “Buy” and a consensus price target of $40.67.

Concentra Group Holdings Parent Stock Down 1.5%

NYSE:CON traded down $0.58 during mid-day trading on Friday, hitting $38.57. 1,303,041 shares of the company’s stock were exchanged, compared to its average volume of 1,230,610. The company has a market cap of $4.92 billion, a PE ratio of 24.88, a P/E/G ratio of 1.42 and a beta of 0.63. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.38 and a quick ratio of 1.38. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $39.60. The business has a fifty day moving average price of $35.31 and a 200 day moving average price of $29.81.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The business had revenue of $606.03 million during the quarter, compared to the consensus estimate of $591.75 million. During the same quarter last year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that Concentra Group Holdings Parent will post 1.65 EPS for the current year.

Insider Activity

In other news, Director Robert Ortenzio sold 130,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the sale, the director owned 503,455 shares in the company, valued at $16,030,007.20. This represents a 20.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 8.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CON. Allworth Financial LP raised its position in Concentra Group Holdings Parent by 70.3% in the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock worth $30,000 after acquiring an additional 417 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Concentra Group Holdings Parent during the 2nd quarter valued at $38,000. Nykredit A S purchased a new stake in shares of Concentra Group Holdings Parent in the 2nd quarter worth $60,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Concentra Group Holdings Parent in the 2nd quarter worth $64,000. Finally, Farther Finance Advisors LLC raised its holdings in Concentra Group Holdings Parent by 17.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock worth $80,000 after purchasing an additional 343 shares during the period.

About Concentra Group Holdings Parent

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company helps employers manage workplace health needs, including injury care, workers’ compensation services, physical examinations, drug and alcohol testing, immunizations, and other employee health programs.

Concentra also operates urgent care centers that provide treatment for non-life-threatening illnesses and injuries. Its services may include occupational medicine, urgent care, physical therapy, physical rehabilitation, and related employer-focused health services.