Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $28.88 Consensus Target Price from Analysts

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.50.

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective for the company. Royal Bank of Canada decreased their price target on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday. Wells Fargo & Company initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $27.00 price objective on the stock. Bank of America lowered Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.50 to $24.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “overweight” rating and a $29.00 price target on the stock.

Concentra Group Holdings Parent Stock Down 0.1 %

NYSE CON opened at $19.58 on Friday. The business has a fifty day moving average price of $21.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.21 and a current ratio of 1.21. Concentra Group Holdings Parent has a 12-month low of $18.89 and a 12-month high of $24.81.

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

Concentra Group Holdings Parent Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 13th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Concentra Group Holdings Parent stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,194 shares of the company’s stock, valued at approximately $675,000.

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.