Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $28.50

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $28.50.

Several brokerages recently issued reports on CON. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, December 16th. Royal Bank of Canada cut their price target on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Concentra Group Holdings Parent in the third quarter valued at about $46,003,000. Franklin Resources Inc. bought a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $3,336,000. Barclays PLC purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth $710,000. Geode Capital Management LLC purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth $11,122,000. Finally, Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent in the third quarter worth about $584,000.

Concentra Group Holdings Parent Trading Up 0.6 %

Concentra Group Holdings Parent stock opened at $20.60 on Friday. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The business’s 50-day moving average price is $20.73.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were given 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.