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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned a consensus rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.50.

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, December 16th. Royal Bank of Canada cut their target price on Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th.

Concentra Group Holdings Parent Stock Down 0.7 %

CON stock opened at $22.14 on Thursday. Concentra Group Holdings Parent has a one year low of $18.89 and a one year high of $24.81. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50 day moving average price is $20.71.

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 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 firm’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 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $59,000. GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent in the 4th quarter valued at approximately $64,000. BNP Paribas Financial Markets acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at $105,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter worth $208,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth $297,000.

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.