Analysts Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $27.75

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $27.75.

Several brokerages have recently weighed in on CON. Zacks Research downgraded Concentra Group Holdings Parent from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Concentra Group Holdings Parent in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. initiated 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 target for the company.

Institutional Trading of Concentra Group Holdings Parent

A number of institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Concentra Group Holdings Parent by 80.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,190 shares of the company’s stock worth $25,000 after acquiring an additional 531 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Concentra Group Holdings Parent by 124.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after purchasing an additional 663 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Concentra Group Holdings Parent by 2,784.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 1,392 shares during the period. Public Employees Retirement System of Ohio grew its stake in Concentra Group Holdings Parent by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares during the period. Finally, MAI Capital Management increased its holdings in Concentra Group Holdings Parent by 48,400.0% in the second quarter. MAI Capital Management now owns 1,940 shares of the company’s stock worth $40,000 after purchasing an additional 1,936 shares in the last quarter.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $20.56 on Thursday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.20 and a current ratio of 1.20. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $24.17. The firm has a market cap of $2.64 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.74. The firm’s fifty day moving average is $20.24 and its 200-day moving average is $21.03.

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

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $0.0625 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $0.25 annualized dividend and a dividend yield of 1.2%. Concentra Group Holdings Parent’s dividend payout ratio is 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.