Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $28.50 Consensus PT from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have covered the stock in the last year is $28.50.

Several brokerages have recently weighed in on CON. Royal Bank of Canada restated an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Bank of America lifted their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company reduced 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 research note on Wednesday, March 12th.

Institutional Investors Weigh In On Concentra Group Holdings Parent

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

Concentra Group Holdings Parent Stock Performance

Shares of NYSE:CON opened at $21.73 on Friday. The business’s 50-day simple moving average is $21.31 and its 200 day simple moving average is $21.30. The company has a market cap of $2.77 billion and a P/E ratio of 14.39. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent has a one year low of $18.89 and a one year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last posted its earnings results on Monday, March 3rd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to analyst estimates of $465.00 million. On average, sell-side analysts forecast that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given 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 1.15%. Concentra Group Holdings Parent’s payout ratio is currently 16.56%.

Concentra Group Holdings Parent Company Profile

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.