Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives $28.88 Consensus Target Price from Analysts

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.50.

Several analysts recently weighed in on the company. Bank of America lowered Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.50 to $24.00 in a report on Monday, October 7th. Wells Fargo & Company began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “overweight” rating and a $27.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a “buy” rating and a $32.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “overweight” rating and a $29.00 price objective on the stock. Finally, Mizuho initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “outperform” rating and a $28.00 target price for the company.

Concentra Group Holdings Parent Trading Down 0.1 %

CON stock opened at $19.58 on Friday. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81. The company’s fifty day simple moving average is $21.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.21.

Concentra Group Holdings Parent (NYSE:CON) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities 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 disclosed an annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.0625 per share. The ex-dividend date of this dividend is Wednesday, November 13th.

Institutional Investors Weigh In On Concentra Group Holdings Parent

An institutional investor recently bought a new position in Concentra Group Holdings Parent stock. Oppenheimer Asset Management Inc. purchased a new position in Concentra Group Holdings Parent, Inc. (NYSE:CON) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,194 shares of the company’s stock, valued at approximately $675,000.

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.