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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $28.50.

Several research firms have weighed in on CON. Bank of America downgraded shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.50 to $24.00 in a research note on Monday, October 7th. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 target price for the company. Royal Bank of Canada reduced their price target 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. Wells Fargo & Company assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “overweight” rating and a $27.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price on the stock.

Concentra Group Holdings Parent Price Performance

CON opened at $21.82 on Wednesday. The company has a fifty day moving average price of $21.06. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week 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.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts expect that Concentra Group Holdings Parent will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $3,336,000. Barclays PLC bought a new position in Concentra Group Holdings Parent in the third quarter worth $710,000. Geode Capital Management LLC purchased a new position in Concentra Group Holdings Parent during the third quarter valued at $11,122,000. Jane Street Group LLC bought a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $584,000. Finally, Soros Fund Management LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $5,590,000.

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.