Brokerages Set Concentra Group Holdings Parent, Inc. (NYSE:CON) PT at $28.63

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has earned an average recommendation of "Buy" from the eight brokerages that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have covered the stock in the last year is $28.63.

Several brokerages have recently commented on CON. Bank of America boosted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a report on Thursday, January 23rd.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON traded down $0.62 during midday trading on Friday, reaching $21.62. 963,330 shares of the company traded hands, compared to its average volume of 741,503. The stock's 50-day simple moving average is $22.09 and its 200-day simple moving average is $21.71. 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 12 month low of $18.89 and a 12 month high of $24.81. The firm has a market cap of $2.75 billion and a PE ratio of 14.31.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. As a group, equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

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Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0625 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.25 annualized dividend and a yield of 1.16%. Concentra Group Holdings Parent's dividend payout ratio is currently 16.56%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC bought a new stake in shares of Concentra Group Holdings Parent during the fourth quarter worth approximately $25,000. Quadrant Capital Group LLC bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $30,000. Motco bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter worth $32,000. Shell Asset Management Co. acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth about $48,000. Finally, Empowered Funds LLC bought a new stake in Concentra Group Holdings Parent in the fourth quarter valued at approximately $49,000.

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.