Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.88.

A number of brokerages have weighed in on CON. Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $29.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Concentra Group Holdings Parent in a research note on Tuesday, August 20th. They set an “outperform” rating and a $33.00 price objective for the company. Bank of America cut shares of Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.50 to $24.00 in a research note on Monday, October 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 price target for the company.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $20.13 on Friday. The firm’s fifty day simple moving average is $22.14. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. 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 posted its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts predict that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Investors of record on Wednesday, November 13th will be given a $0.0625 dividend. The ex-dividend date is Wednesday, November 13th.

Institutional Trading of Concentra Group Holdings Parent

An institutional investor recently bought a new position in Concentra Group Holdings Parent stock. Seven Grand Managers LLC purchased a new position in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $3,354,000. Seven Grand Managers LLC owned approximately 0.12% of Concentra Group Holdings Parent at the end of the most recent reporting period.

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.