Concentra Group Holdings Parent (NYSE:CON) Earns Outperform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Concentra Group Holdings Parent (NYSE:CON - Free Report) in a research note released on Thursday,Benzinga reports. They currently have a $30.00 price target on the stock.

Separately, Bank of America raised their price target on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a "buy" rating in a research report on Thursday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Concentra Group Holdings Parent has a consensus rating of "Buy" and a consensus price target of $28.63.

Concentra Group Holdings Parent Stock Down 0.4 %

NYSE CON traded down $0.10 during trading hours on Thursday, hitting $23.50. The company had a trading volume of 1,045,654 shares, compared to its average volume of 808,330. 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 company's 50 day moving average is $20.83.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million during the quarter, compared to analysts' expectations of $492.61 million. The company's revenue was up 3.3% compared to the same quarter last year. Research 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 company also recently declared an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, November 13th.

Institutional Inflows and Outflows

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

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.