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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.50.

Several equities research analysts recently commented on the company. Truist Financial began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a "buy" rating and a $29.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "overweight" rating and a $29.00 target price for the company. Royal Bank of Canada lowered 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 research report on Monday, November 4th. Mizuho began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "outperform" rating and a $28.00 price target on the stock. Finally, Wells Fargo & Company initiated coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an "overweight" rating and a $27.00 price objective for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA purchased a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at $36,672,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth about $23,478,000. Geode Capital Management LLC purchased a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $11,122,000. Loomis Sayles & Co. L P bought a new stake in Concentra Group Holdings Parent during the 3rd quarter valued at approximately $8,676,000. Finally, Public Sector Pension Investment Board purchased a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $7,788,000.

Concentra Group Holdings Parent Trading Down 2.2 %

CON stock traded down $0.51 during midday trading on Wednesday, reaching $22.58. 1,093,364 shares of the stock were exchanged, compared to its average volume of 587,446. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81. The firm has a fifty day moving average of $21.11.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, topping the consensus estimate 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 company's revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Concentra Group Holdings Parent will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

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

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.