Concentra Group Holdings Parent, Inc.’s Quiet Period To Expire on September 3rd (NYSE:CON)

Concentra Group Holdings Parent’s (NYSE:CON) quiet period is set to expire on Tuesday, September 3rd. Concentra Group Holdings Parent had issued 22,500,000 shares in its initial public offering 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, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analysts Set New Price Targets

CON has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “overweight” rating and a $29.00 price objective for the company. Mizuho initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada initiated coverage on 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. Truist Financial initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 price target for the company. Finally, Bank of America initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $30.50 price target for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $29.69.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $24.45 on Friday. Concentra Group Holdings Parent has a 12 month low of $21.37 and a 12 month high of $24.72.

Concentra Group Holdings Parent (NYSE:CON) last issued 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.

Concentra Group Holdings Parent Company Profile

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.