Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Rating of “Buy” by Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been given an average rating of “Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.50.

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Bank of America upgraded Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Monday, December 16th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CON. JPMorgan Chase & Co. bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $46,003,000. Massachusetts Financial Services Co. MA acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Concentra Group Holdings Parent during the third quarter valued at about $23,478,000. Geode Capital Management LLC acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at about $11,122,000. Finally, Loomis Sayles & Co. L P bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $8,676,000.

Concentra Group Holdings Parent Trading Down 1.0 %

Concentra Group Holdings Parent stock opened at $20.39 on Friday. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a 50 day moving average of $20.72.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side 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 announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a $0.0625 dividend. The ex-dividend date 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.