Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) PT at $27.75

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $27.75.

A number of brokerages have recently weighed in on CON. Weiss Ratings restated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a research note on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a report on Thursday, September 18th. They set an “overweight” rating and a $31.00 price objective on the stock. Finally, Zacks Research cut shares of Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CON. JPMorgan Chase & Co. boosted its position in Concentra Group Holdings Parent by 13.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,874,283 shares of the company’s stock valued at $81,089,000 after buying an additional 445,449 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $261,000. Caitong International Asset Management Co. Ltd boosted its holdings in Concentra Group Holdings Parent by 2,784.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 1,392 shares during the last quarter. Woodline Partners LP increased its position in Concentra Group Holdings Parent by 142.7% in the third quarter. Woodline Partners LP now owns 2,746,505 shares of the company’s stock worth $57,484,000 after purchasing an additional 1,614,988 shares during the period. Finally, Voleon Capital Management LP bought a new stake in Concentra Group Holdings Parent during the 3rd quarter worth about $448,000.

Concentra Group Holdings Parent Stock Down 0.2%

Shares of CON opened at $20.52 on Thursday. The company has a market capitalization of $2.63 billion, a P/E ratio of 17.10, a PEG ratio of 2.34 and a beta of 0.70. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $24.17. The business’s 50 day simple moving average is $20.23 and its 200-day simple moving average is $21.01. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.20 and a quick ratio of 1.20.

Concentra Group Holdings Parent (NYSE:CON) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter. Concentra Group Holdings Parent had a return on equity of 48.42% and a net margin of 7.33%.The firm had revenue of $489.64 million during the quarter. As a group, sell-side analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, December 2nd will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 20.83%.

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.