Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Consensus Rating of “Buy” from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has received a consensus rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $28.50.

CON has been the topic of several research reports. JPMorgan Chase & Co. raised their target price 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 dropped their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Bank of America upped their target price on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new stake in Concentra Group Holdings Parent during the fourth quarter valued at about $25,000. Quadrant Capital Group LLC purchased a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth about $30,000. Motco bought a new stake in Concentra Group Holdings Parent during the 4th quarter valued at approximately $32,000. Shell Asset Management Co. purchased a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $48,000. Finally, Empowered Funds LLC bought a new position in Concentra Group Holdings Parent in the 4th quarter worth approximately $49,000.

Concentra Group Holdings Parent Stock Down 0.1 %

Shares of Concentra Group Holdings Parent stock opened at $21.24 on Friday. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. 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’s 50 day moving average is $21.46 and its 200 day moving average is $21.25. The company has a market cap of $2.70 billion and a price-to-earnings ratio of 14.07.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. Research analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a $0.0625 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.18%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is presently 16.56%.

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.