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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.50.

A number of analysts recently commented on the company. Wells Fargo & Company cut their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. upped their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Bank of America lifted their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd.

Concentra Group Holdings Parent Stock Down 6.7 %

CON stock opened at $20.58 on Tuesday. 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 12 month low of $18.89 and a 12 month high of $24.81. The firm has a market capitalization of $2.62 billion and a PE ratio of 13.63. The company’s 50 day simple moving average is $22.33 and its 200-day simple moving average is $21.42.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. Equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 16.56%.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the 4th quarter worth $25,000. Quadrant Capital Group LLC purchased a new stake in Concentra Group Holdings Parent during the fourth quarter valued at about $30,000. Motco acquired a new stake in Concentra Group Holdings Parent during the fourth quarter worth about $32,000. Shell Asset Management Co. purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth about $48,000. Finally, Empowered Funds LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth about $49,000.

About Concentra Group Holdings Parent

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.