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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has received a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $28.50.

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

Concentra Group Holdings Parent Stock Up 0.7 %

CON stock opened at $21.17 on Thursday. The company has a 50 day moving average of $20.61. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. Concentra Group Holdings Parent’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts expect that Concentra Group Holdings Parent will post 1.47 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. Shareholders of record on Wednesday, November 13th were given a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CON. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $46,003,000. Loomis Sayles & Co. L P bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $8,676,000. State Street Corp acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $6,804,000. Geode Capital Management LLC bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $11,122,000. Finally, Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $584,000.

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.