At the time of writing, Concentra Group Holdings Parent Inc. [CON] stock is trading at $24.45, up 3.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CON shares have gain 4.49% over the last week, with a monthly amount glided 7.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Concentra Group Holdings Parent Inc. [NYSE: CON] stock has seen the most recent analyst activity on August 20, 2024, when RBC Capital Mkts initiated its Outperform rating and assigned the stock a price target of $33. Previously, Wells Fargo started tracking the stock with Overweight rating on August 19, 2024, and set its price target to $27. On August 19, 2024, Truist initiated with a Buy rating and assigned a price target of $29 on the stock. Mizuho started tracking the stock assigning a Outperform rating and suggested a price target of $28 on August 19, 2024. JP Morgan initiated its recommendation with a Overweight and recommended $29 as its price target on August 19, 2024. Goldman started tracking with a Buy rating for this stock on August 19, 2024, and assigned it a price target of $32. In a note dated August 19, 2024, Deutsche Bank initiated an Buy rating and provided a target price of $29 on this stock.
For the past year, the stock price of Concentra Group Holdings Parent Inc. fluctuated between $21.37 and $23.85. Currently, Wall Street analysts expect the stock to reach $29.5 within the next 12 months. Concentra Group Holdings Parent Inc. [NYSE: CON] shares were valued at $24.45 at the most recent close of the market. An investor can expect a potential return of 20.65% based on the average CON price forecast.
Analyzing the CON fundamentals
Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.89 points at the first support level, and at 23.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.86, and for the 2nd resistance point, it is at 25.28.
Ratios To Look Out For
It is important to note that Concentra Group Holdings Parent Inc. [NYSE:CON] has a current ratio of 1.21. In addition, the Quick Ratio stands at 1.21 and the Cash Ratio stands at 0.19.
