Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $28.50.

A number of equities research analysts have recently weighed in on CON shares. JPMorgan Chase & Co. began 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. Bank of America cut Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $30.50 to $24.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Royal Bank of Canada lowered their price target on shares of Concentra Group Holdings Parent from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Mizuho assumed coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “outperform” rating and a $28.00 price objective on the stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Institutional investors and hedge funds have recently made changes to their positions in the company. Seven Grand Managers LLC acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth $3,354,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $675,000. Massachusetts Financial Services Co. MA bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $36,672,000. Charles Schwab Investment Management Inc. bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter valued at about $4,244,000. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $8,676,000.

Concentra Group Holdings Parent Price Performance

Shares of NYSE:CON opened at $21.45 on Wednesday. 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 stock’s 50-day moving average is $21.03.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million during the quarter, compared to analyst estimates of $492.61 million. Concentra Group Holdings Parent’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts expect that Concentra Group Holdings Parent will post 1.45 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were issued a $0.0625 dividend. 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.