At the time of writing, Concentra Group Holdings Parent Inc [CON] stock is trading at $21.96, up 1.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The CON shares have gain 7.59% over the last week, with a monthly amount glided 2.43%, and 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 December 16, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $24 for it. Previously, BofA Securities downgraded its rating to Neutral on October 07, 2024, and dropped its price target to $24. On August 20, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $33 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $27 on August 19, 2024. Truist initiated its recommendation with a Buy and recommended $29 as its price target on August 19, 2024. Mizuho started tracking with a Outperform rating for this stock on August 19, 2024, and assigned it a price target of $28. In a note dated August 19, 2024, JP Morgan initiated an Overweight 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 $18.89 and $24.81. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Concentra Group Holdings Parent Inc [NYSE: CON] shares were valued at $21.96 at the most recent close of the market. An investor can expect a potential return of 18.4% based on the average CON price forecast.
Analyzing the CON fundamentals
According to Concentra Group Holdings Parent Inc [NYSE:CON], the company’s sales were 1.90B for trailing twelve months, which represents an 1.92% jump. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.24 and Total Capital is 0.14.
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 21.54 points at the first support level, and at 21.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.30, and for the 2nd resistance point, it is at 22.63.
Ratios To Look Out For
It is important to note that Concentra Group Holdings Parent Inc [NYSE:CON] has a current ratio of 1.42. On the other hand, the Quick Ratio is 1.42, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 1.48, the price to book ratio is 10.21 and price to earnings (TTM) ratio is 16.74.
