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

Concentra Group Holdings Parent, Inc. (NYSE:CON - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $28.88.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "overweight" rating and a $29.00 price target on the stock. Truist Financial initiated coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $29.00 target price for the company. Mizuho initiated 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. Deutsche Bank Aktiengesellschaft began coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They set a "buy" rating and a $29.00 price objective on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Concentra Group Holdings Parent in a research note on Tuesday, August 20th. They set an "outperform" rating and a $33.00 target price for the company.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Concentra Group Holdings Parent stock. Seven Grand Managers LLC purchased a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,000 shares of the company's stock, valued at approximately $3,354,000. Seven Grand Managers LLC owned 0.12% of Concentra Group Holdings Parent as of its most recent filing with the Securities and Exchange Commission (SEC).

Concentra Group Holdings Parent Stock Performance

Shares of CON traded down $0.19 during trading on Friday, reaching $20.08. The company's stock had a trading volume of 375,628 shares, compared to its average volume of 457,429. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The business's fifty day moving average price is $22.08. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $489.64 million during the quarter, compared to the consensus estimate of $492.61 million. The business's revenue was up 3.3% compared to the same quarter last year. Analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, November 22nd. Investors of record on Wednesday, November 13th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is 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.