Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Consensus Recommendation of “Buy” by Analysts

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $28.50.

CON has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Bank of America raised Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, December 16th.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $46,003,000. Massachusetts Financial Services Co. MA bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at about $36,672,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $23,478,000. Geode Capital Management LLC bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $11,122,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at about $8,676,000.

Concentra Group Holdings Parent Price Performance

NYSE CON opened at $21.17 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The company has a fifty day moving average of $20.64. Concentra Group Holdings Parent has a 12 month low of $18.89 and a 12 month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

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.