Concentra Group Holdings Parent, Inc. (NYSE:CON) Receives Average Recommendation of "Buy" from Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has been assigned an average recommendation of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $28.50.

A number of analysts have weighed in on CON shares. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America raised their price target on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. increased their target price on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th.

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of institutional investors and hedge funds have recently modified their holdings of CON. Charles Schwab Investment Management Inc. bought a new position in Concentra Group Holdings Parent in the third quarter valued at about $4,244,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $208,000. BNP Paribas Financial Markets bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth approximately $105,000. MetLife Investment Management LLC purchased a new position in shares of Concentra Group Holdings Parent in the third quarter worth approximately $297,000. Finally, Verition Fund Management LLC bought a new stake in Concentra Group Holdings Parent during the third quarter valued at approximately $661,000.

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Concentra Group Holdings Parent Stock Down 6.7 %

CON traded down $1.48 during midday trading on Tuesday, reaching $20.58. The company's stock had a trading volume of 1,321,600 shares, compared to its average volume of 776,902. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The stock's 50-day moving average is $22.33 and its 200-day moving average is $21.42. The firm has a market capitalization of $2.62 billion and a price-to-earnings ratio of 13.63. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million during the quarter, compared to analysts' expectations of $465.00 million. As a group, research analysts expect 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 quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 1.21%. Concentra Group Holdings Parent's dividend payout ratio is presently 16.56%.

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.