Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.50.

A number of brokerages have issued reports on CON. Bank of America lowered Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $30.50 to $24.00 in a research note on Monday, October 7th. Mizuho began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “outperform” rating and a $28.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set an “overweight” rating and a $29.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Truist Financial began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price on the stock.

Concentra Group Holdings Parent Price Performance

NYSE:CON opened at $23.09 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. The firm has a 50 day moving average price of $21.11. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that Concentra Group Holdings Parent will post 1.45 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of Concentra Group Holdings Parent in the third quarter worth about $675,000. Massachusetts Financial Services Co. MA acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $36,672,000. Seven Grand Managers LLC acquired a new position in Concentra Group Holdings Parent during the 3rd quarter worth approximately $3,354,000. Advantage Alpha Capital Partners LP purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $3,162,000. Finally, Verition Fund Management LLC acquired a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $661,000.

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.