Concentra Group Holdings Parent, Inc.’s Quiet Period Set To Expire Tomorrow (NYSE:CON)

Concentra Group Holdings Parent’s (NYSE:CON) quiet period will expire on Tuesday, September 3rd. Concentra Group Holdings Parent had issued 22,500,000 shares in its IPO on July 25th. The total size of the offering was $528,750,000 based on an initial share price of $23.50. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

CON has been the subject of several analyst reports. Royal Bank of Canada assumed coverage on shares of Concentra Group Holdings Parent in a research report on Tuesday, August 20th. They set an “outperform” rating and a $33.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $32.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $27.00 price objective for the company. Finally, Bank of America assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $30.50 price objective for the company. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $29.69.

Concentra Group Holdings Parent Trading Up 3.1 %

Concentra Group Holdings Parent stock opened at $24.45 on Monday. Concentra Group Holdings Parent has a twelve month low of $21.37 and a twelve month high of $24.72.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.47 EPS for the quarter. The business had revenue of $467.60 million during the quarter. As a group, equities analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

About Concentra Group Holdings Parent

We were founded in 1979 and have grown to be the largest provider of occupational health services in the United States by number of locations. Our national presence enables us to provide access to high-quality care that supports our mission to improve the health of America’s workforce. As of March 31, 2024, we operated 547 stand-alone occupational health centers in 41 states and 151 onsite health clinics at employer worksites in 37 states.