Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $28.50

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

A number of equities research analysts have recently commented on the stock. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, December 16th. Royal Bank of Canada reduced their price objective on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Concentra Group Holdings Parent in the third quarter valued at $46,003,000. Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $8,676,000. State Street Corp purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $6,804,000. Geode Capital Management LLC acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $11,122,000. Finally, Jane Street Group LLC purchased a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $584,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON stock opened at $21.17 on Thursday. The stock’s 50 day moving average is $20.61. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. 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 posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend 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.