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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) have been given a consensus rating of "Buy" by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $28.50.

A number of analysts have weighed in on CON shares. Wells Fargo & Company cut their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. JPMorgan Chase & Co. lifted their price target on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 19th.

Institutional Trading of Concentra Group Holdings Parent

A number of institutional investors and hedge funds have recently made changes to their positions in CON. Nisa Investment Advisors LLC lifted its holdings in shares of Concentra Group Holdings Parent by 19.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,574 shares of the company's stock valued at $78,000 after acquiring an additional 577 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth about $25,000. Foundry Partners LLC boosted its holdings in Concentra Group Holdings Parent by 12.4% in the first quarter. Foundry Partners LLC now owns 12,253 shares of the company's stock valued at $266,000 after purchasing an additional 1,350 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $30,000. Finally, Motco acquired a new stake in Concentra Group Holdings Parent in the fourth quarter valued at $32,000.

Concentra Group Holdings Parent Trading Down 1.3%

NYSE CON traded down $0.27 during trading hours on Wednesday, reaching $21.14. The company had a trading volume of 269,919 shares, compared to its average volume of 761,915. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The stock has a market capitalization of $2.69 billion and a P/E ratio of 15.77. The stock has a 50-day moving average of $21.29 and a 200 day moving average of $21.44. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The company had revenue of $500.80 million for the quarter, compared to analysts' expectations of $496.06 million. During the same period in the previous year, the business posted $0.47 EPS. The business's revenue for the quarter was up 7.1% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, May 20th. Concentra Group Holdings Parent's dividend payout ratio is currently 18.66%.

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.