A share price of Concentra Group Holdings Parent Inc [CON] is currently trading at $20.37, down -1.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CON shares have gain 1.60% over the last week, with a monthly amount drifted -6.04%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Concentra Group Holdings Parent Inc [NYSE: CON] stock has seen the most recent analyst activity on October 07, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $24 from $30.50. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on August 20, 2024, and set its price target to $33. On August 19, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $27 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $29 on August 19, 2024. Mizuho initiated its recommendation with a Outperform and recommended $28 as its price target on August 19, 2024. JP Morgan started tracking with a Overweight rating for this stock on August 19, 2024, and assigned it a price target of $29. In a note dated August 19, 2024, Goldman initiated an Buy rating and provided a target price of $32 on this stock.
Concentra Group Holdings Parent Inc experienced fluctuations in its stock price throughout the past year between $18.89 and $24.81. 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 $20.37 at the most recent close of the market. An investor can expect a potential return of 44.82% based on the average CON price forecast.
Analyzing the CON fundamentals
Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.18 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.6.
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 20.20 points at the first support level, and at 20.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.57, and for the 2nd resistance point, it is at 20.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Concentra Group Holdings Parent Inc [NYSE:CON] is 1.52. Further, the Quick Ratio stands at 1.52, while the Cash Ratio is 0.51.
