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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) have received a consensus recommendation of "Buy" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.50.

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

Institutional Trading of Concentra Group Holdings Parent

Several hedge funds have recently added to or reduced their stakes in CON. Seven Grand Managers LLC bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at about $3,354,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Concentra Group Holdings Parent during the third quarter valued at approximately $675,000. Massachusetts Financial Services Co. MA bought a new stake in Concentra Group Holdings Parent during the third quarter worth approximately $36,672,000. Charles Schwab Investment Management Inc. acquired a new stake in Concentra Group Holdings Parent in the third quarter worth approximately $4,244,000. Finally, Loomis Sayles & Co. L P bought a new position in Concentra Group Holdings Parent during the 3rd quarter valued at $8,676,000.

Concentra Group Holdings Parent Trading Up 2.4 %

NYSE CON traded up $0.47 on Friday, hitting $20.03. 2,801,614 shares of the stock traded hands, compared to its average volume of 724,037. 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 company has a 50-day moving average price of $20.79. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, topping 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. Concentra Group Holdings Parent's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

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.