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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has received a consensus recommendation of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $28.50.

Several analysts recently issued reports on CON shares. Wells Fargo & Company cut their target price on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, March 19th.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth $25,000. Quadrant Capital Group LLC purchased a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at $30,000. Motco purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth $32,000. Shell Asset Management Co. purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth $48,000. Finally, Empowered Funds LLC purchased a new position in Concentra Group Holdings Parent during the 4th quarter worth $49,000.

Concentra Group Holdings Parent Stock Performance

Shares of CON opened at $21.10 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 5.18. The business has a 50-day simple moving average of $21.42 and a two-hundred day simple moving average of $21.48. The stock has a market cap of $2.70 billion and a price-to-earnings ratio of 15.75. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The business had revenue of $500.80 million during the quarter, compared to analysts’ expectations of $496.06 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 20th were issued a $0.0625 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.25 annualized dividend and a dividend yield of 1.18%. Concentra Group Holdings Parent’s payout ratio is 18.66%.

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.