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

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $28.50.

Several research firms have recently weighed in on CON. JPMorgan Chase & Co. boosted their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Wells Fargo & Company decreased their price target on shares of 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.

Concentra Group Holdings Parent Stock Down 1.7%

CON opened at $21.42 on Friday. The firm has a market capitalization of $2.73 billion and a P/E ratio of 15.99. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company's 50-day moving average is $21.39 and its 200 day moving average is $21.49.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The company had revenue of $500.80 million during the quarter, compared to analysts' expectations of $496.06 million. Concentra Group Holdings Parent's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Research analysts expect that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 dividend on an annualized basis and a yield of 1.17%. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 18.66%.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Concentra Group Holdings Parent by 450.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company's stock valued at $342,994,000 after acquiring an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. increased its holdings in Concentra Group Holdings Parent by 421.0% during the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company's stock worth $243,741,000 after purchasing an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Concentra Group Holdings Parent by 164.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company's stock worth $170,317,000 after purchasing an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $65,746,000. Finally, Norges Bank acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth approximately $46,270,000.

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.

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