Royal Bank of Canada Cuts Concentra Group Holdings Parent (NYSE:CON) Price Target to $30.00

Concentra Group Holdings Parent (NYSE:CON) had its price target lowered by Royal Bank of Canada from $33.00 to $30.00 in a research note released on Monday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective on the stock. Mizuho initiated coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “outperform” rating and a $28.00 price objective on the stock. Bank of America cut shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.50 to $24.00 in a research report on Monday, October 7th. Wells Fargo & Company initiated coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “overweight” rating and a $27.00 price target on the stock. Finally, Truist Financial began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $19.58 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The stock has a fifty day moving average price of $21.87.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

A hedge fund recently bought a new stake in Concentra Group Holdings Parent stock. Oppenheimer Asset Management Inc. bought a new stake in Concentra Group Holdings Parent, Inc. (NYSE:CON) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,194 shares of the company’s stock, valued at approximately $675,000.

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.