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

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have received a consensus recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $28.50.

Several brokerages have commented on CON. Bank of America upgraded shares of Concentra Group Holdings Parent from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, December 16th. Royal Bank of Canada dropped their price objective on 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.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Institutional investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P acquired a new position in shares of Concentra Group Holdings Parent during the third quarter worth $8,676,000. Fred Alger Management LLC acquired a new position in Concentra Group Holdings Parent in the third quarter valued at approximately $689,000. Charles Schwab Investment Management Inc. bought a new position in shares of Concentra Group Holdings Parent during the 3rd quarter worth approximately $4,244,000. The Manufacturers Life Insurance Company acquired a new stake in Concentra Group Holdings Parent in the third quarter worth $208,000. Finally, Maven Securities LTD acquired a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $1,230,000.

Concentra Group Holdings Parent Price Performance

CON opened at $20.03 on Friday. The company has a current ratio of 1.52, a quick 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 stock’s fifty day moving average is $20.79.

Concentra Group Holdings Parent (NYSE:CON) last announced 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 firm had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that Concentra Group Holdings Parent will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

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