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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been assigned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is $28.50.

Several brokerages have recently weighed in on CON. Royal Bank of Canada cut their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 4th. 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 for the company in a research report on Monday, December 16th.

Concentra Group Holdings Parent Price Performance

Concentra Group Holdings Parent stock opened at $20.39 on Friday. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81. The firm’s 50-day moving average is $20.72. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current 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 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The company’s revenue was up 3.3% compared to the same quarter last year. 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 Announces Dividend

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of large investors have recently made changes to their positions in CON. Loomis Sayles & Co. L P acquired a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $8,676,000. Fred Alger Management LLC purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $689,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter worth $208,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $4,244,000. Finally, State Street Corp acquired a new position in Concentra Group Holdings Parent during the third quarter valued at $6,804,000.

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.