Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Consensus Rating of “Buy” from Brokerages

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

Several equities research analysts recently commented on CON shares. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, December 16th. Royal Bank of Canada reduced 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 research report on Monday, November 4th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $46,003,000. Loomis Sayles & Co. L P acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $8,676,000. State Street Corp acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $6,804,000. Geode Capital Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $11,122,000. Finally, Jane Street Group LLC acquired a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth $584,000.

Concentra Group Holdings Parent Price Performance

CON stock opened at $20.91 on Thursday. Concentra Group Holdings Parent has a 12 month low of $18.89 and a 12 month high of $24.81. The company’s 50 day simple moving average is $20.56. The company has a quick ratio of 1.52, a current 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 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. Concentra Group Holdings Parent’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed 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.

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.