Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $51.00

Concentra Group Holdings Parent (NYSE:CON) had its price objective hoisted by Stephens from $45.00 to $51.00 in a report released on Monday morning,Benzinga reports. Stephens currently has an overweight rating on the stock.

Other analysts have also issued research reports about the company. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a report on Monday, August 31st. JPMorgan Chase & Co. boosted their price target on shares of Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Wells Fargo & Company upped their price target on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $44.00.

Concentra Group Holdings Parent Price Performance

NYSE CON opened at $43.48 on Monday. Concentra Group Holdings Parent has a 12 month low of $18.96 and a 12 month high of $44.22. The firm has a market capitalization of $5.54 billion, a PE ratio of 25.73, a P/E/G ratio of 1.34 and a beta of 0.51. The company’s 50 day simple moving average is $37.53 and its 200 day simple moving average is $29.31. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.30 and a quick ratio of 1.30.

Concentra Group Holdings Parent (NYSE:CON) last released its earnings results on Thursday, November 5th. The company reported $0.52 earnings per share 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 the consensus estimate of $605.52 million. Concentra Group Holdings Parent had a return on equity of 48.11% and a net margin of 9.26%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. As a group, equities research analysts forecast that Concentra Group Holdings Parent will post 1.72 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 19th will be issued 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%.

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of institutional investors have recently bought and sold shares of CON. Farther Finance Advisors LLC lifted its stake in Concentra Group Holdings Parent by 17.4% during the third quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock valued at $80,000 after buying an additional 343 shares in the last quarter. Allworth Financial LP increased its position in shares of Concentra Group Holdings Parent by 70.3% in the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock worth $30,000 after acquiring an additional 417 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Concentra Group Holdings Parent by 14.0% in the third quarter. GAMMA Investing LLC now owns 3,436 shares of the company’s stock worth $118,000 after acquiring an additional 421 shares in the last quarter. Hohimer Wealth Management LLC increased its position in shares of Concentra Group Holdings Parent by 4.1% in the third quarter. Hohimer Wealth Management LLC now owns 12,412 shares of the company’s stock worth $427,000 after acquiring an additional 493 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Concentra Group Holdings Parent by 1.9% during the first quarter. Gamco Investors INC. ET AL now owns 29,256 shares of the company’s stock valued at $628,000 after acquiring an additional 536 shares during the period.

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.