Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Rating of "Buy" by Analysts

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) have been assigned a consensus rating of "Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $28.50.

Several equities research analysts have recently commented on CON shares. Wells Fargo & Company decreased their target price on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America boosted their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $22.45 on Wednesday. The firm's 50-day moving average price is $21.25 and its 200-day moving average price is $21.38. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81. The firm has a market capitalization of $2.86 billion and a P/E ratio of 16.75. 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 - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $500.80 million for the quarter, compared to the consensus estimate of $496.06 million. The company's revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, May 20th. Concentra Group Holdings Parent's payout ratio is 18.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CON. Nisa Investment Advisors LLC purchased a new position in Concentra Group Holdings Parent in the fourth quarter valued at about $59,000. Wesbanco Bank Inc. purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $602,000. Linden Thomas Advisory Services LLC purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $386,000. KBC Group NV purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $274,000. Finally, Sippican Capital Advisors purchased a new stake in shares of Concentra Group Holdings Parent during the 4th quarter valued at approximately $213,000.

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.

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