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

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has received an average rating of "Buy" from the eight analysts that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $28.50.

A number of research analysts have recently commented on CON shares. Bank of America raised Concentra Group Holdings Parent from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Monday, December 16th. Royal Bank of Canada dropped their price objective on shares of 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.

Concentra Group Holdings Parent Stock Performance

NYSE CON traded up $0.18 during trading hours on Thursday, reaching $21.02. 374,831 shares of the company were exchanged, compared to its average volume of 656,853. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent has a 1 year low of $18.89 and a 1 year high of $24.81. The firm has a 50 day simple moving average of $20.58.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The firm's revenue was up 3.3% on a year-over-year basis. On average, research 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 disclosed an annual dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in shares of Concentra Group Holdings Parent in the fourth quarter worth about $64,000. BNP Paribas Financial Markets purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $105,000. The Manufacturers Life Insurance Company purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $208,000. Everence Capital Management Inc. bought a new position in Concentra Group Holdings Parent in the 4th quarter valued at $269,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $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.