Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $28.50 Average Price Target from Analysts

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been assigned an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.50.

A number of analysts have recently issued reports on the stock. Bank of America upgraded shares of 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. Royal Bank of Canada lowered their price target on shares of 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.

Concentra Group Holdings Parent Trading Up 0.9 %

CON stock opened at $20.48 on Friday. The business’s 50-day moving average price is $20.77. 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 current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data 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 firm had revenue of $489.64 million for the quarter, compared to the consensus estimate of $492.61 million. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast 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 declared an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were paid a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $105,000. The Manufacturers Life Insurance Company acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at $208,000. MetLife Investment Management LLC bought a new position in Concentra Group Holdings Parent during the third quarter worth $297,000. Jane Street Group LLC acquired a new position in shares of Concentra Group Holdings Parent in the third quarter valued at $584,000. Finally, Verition Fund Management LLC bought a new position in shares of Concentra Group Holdings Parent in the third quarter valued at about $661,000.

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.