Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) PT at $28.88

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $28.50.

CON has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 target price for the company. Mizuho began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “outperform” rating and a $28.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. Bank of America lowered shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and cut their price objective for the company from $30.50 to $24.00 in a report on Monday, October 7th. Finally, Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set an “overweight” rating and a $27.00 price objective for the company.

Concentra Group Holdings Parent Trading Up 0.7 %

Shares of NYSE:CON opened at $20.22 on Friday. The business has a 50 day simple moving average of $22.08. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.34.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The company’s revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Concentra Group Holdings Parent stock. Seven Grand Managers LLC purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the company’s stock, valued at approximately $3,354,000. Seven Grand Managers LLC owned about 0.12% of Concentra Group Holdings Parent as of its most recent SEC filing.

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.