Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Recommendation of “Moderate Buy” by Analysts

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $28.50.

CON has been the topic of several research reports. Mizuho started coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “outperform” rating and a $28.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $29.00 target price for the company. The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $27.00 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $3,336,000. Barclays PLC purchased a new position in Concentra Group Holdings Parent during the third quarter worth about $710,000. Geode Capital Management LLC bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth about $11,122,000. Jane Street Group LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $584,000. Finally, Soros Fund Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $5,590,000.

Concentra Group Holdings Parent Stock Performance

CON opened at $21.82 on Wednesday. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The firm’s 50-day moving average is $21.06.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. Concentra Group Holdings Parent’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Concentra Group Holdings Parent will post 1.45 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.