Concentra Group Holdings Parent, Inc. (CON) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is strongly positive: All 10 covering analysts rate Concentra a Buy or Strong Buy, with an average 12-month price target of $44; several firms recently raised their targets.
• Quarterly results exceeded expectations: Concentra reported EPS of $0.52 versus the $0.44 consensus and revenue of $622.12 million versus estimates of $605.52 million, with revenue up 8.6% year over year.
• The company declared a quarterly dividend of $0.0625 per share, equivalent to $0.25 annually and a 0.6% yield.

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has been assigned an average rating of "Buy" from the ten analysts that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $44.00.

Several research analysts have recently weighed in on CON shares. Truist Financial upped their price target on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a "buy" rating in a report on Monday, August 10th. Zacks Research raised shares of Concentra Group Holdings Parent from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 31st. Stephens upped their target price on shares of Concentra Group Holdings Parent from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, September 10th. Finally, Royal Bank Of Canada lifted their price target on Concentra Group Holdings Parent from $42.00 to $49.00 and gave the company an "outperform" rating in a research note on Wednesday.

Concentra Group Holdings Parent Trading Up 1.9%

Shares of NYSE CON opened at $43.48 on Thursday. Concentra Group Holdings Parent has a fifty-two week low of $18.96 and a fifty-two week high of $44.22. The firm has a market capitalization of $5.54 billion, a P/E ratio of 25.73, a P/E/G ratio of 1.34 and a beta of 0.51. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.30 and a quick ratio of 1.30. The company's 50 day simple moving average is $37.53 and its 200 day simple moving average is $29.31.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.08. The firm had revenue of $622.12 million during the quarter, compared to analyst estimates of $605.52 million. Concentra Group Holdings Parent had a net margin of 9.26% and a return on equity of 48.11%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. On average, analysts predict that Concentra Group Holdings Parent will post 1.72 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Concentra Group Holdings Parent's dividend payout ratio is currently 14.79%.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in Concentra Group Holdings Parent by 195.8% in the 1st quarter. Jennison Associates LLC now owns 2,172,291 shares of the company's stock valued at $46,596,000 after acquiring an additional 1,437,912 shares in the last quarter. Alps Advisors Inc. bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $16,069,000. Ancora Advisors LLC bought a new position in shares of Concentra Group Holdings Parent during the 2nd quarter worth approximately $13,285,000. Janus Henderson Group PLC raised its holdings in shares of Concentra Group Holdings Parent by 722.9% in the first quarter. Janus Henderson Group PLC now owns 419,772 shares of the company's stock valued at $9,003,000 after purchasing an additional 368,761 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at approximately $7,951,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent Inc. provides occupational health services to employers and their workforces in the United States. Its services include workplace injury care, occupational medicine, urgent care, physical therapy and employee health programs. The company delivers care through occupational health centers, employer-site clinics and virtual services. Its offerings also support employers with services such as workplace health assessments and workers' compensation-related care. Concentra traces its origins to 1979 and became part of Select Medical in 2015.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.