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 an average rating of "Buy" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $28.50.

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

Concentra Group Holdings Parent Trading Down 0.7 %

CON stock traded down $0.15 during midday trading on Friday, hitting $21.60. The stock had a trading volume of 84,664 shares, compared to its average volume of 776,828. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81. 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 business has a fifty day moving average price of $21.37 and a two-hundred day moving average price of $21.29. The firm has a market cap of $2.75 billion and a P/E ratio of 14.33.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $465.00 million. On average, sell-side analysts predict 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 was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Tuesday, March 18th. Concentra Group Holdings Parent's dividend payout ratio (DPR) is presently 16.56%.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several hedge funds have recently made changes to their positions in CON. Smartleaf Asset Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new position in Concentra Group Holdings Parent in the fourth quarter valued at approximately $30,000. Motco bought a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $32,000. Shell Asset Management Co. acquired a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $48,000. Finally, Empowered Funds LLC bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $49,000.

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.