Concentra Group Holdings Parent, Inc. (NYSE:CON) Stock Has Average Target Price of $44.00

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been assigned a consensus rating of “Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $44.00.

A number of analysts recently issued reports on the company. Mizuho set a $47.00 target price on Concentra Group Holdings Parent in a research report on Monday. Truist Financial increased their price target on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada increased their price target on Concentra Group Holdings Parent from $42.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group raised their price target on Concentra Group Holdings Parent from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. Finally, Weiss Ratings lowered Concentra Group Holdings Parent from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday.

Concentra Group Holdings Parent Stock Up 1.9%

Shares of CON stock opened at $43.48 on Thursday. The firm’s fifty day moving average price is $37.53 and its two-hundred day moving average price is $29.31. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.93. Concentra Group Holdings Parent has a 1 year low of $18.96 and a 1 year high of $44.22. The firm has a market capitalization of $5.54 billion, a P/E ratio of 25.73, a PEG ratio of 1.34 and a beta of 0.51.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $622.12 million during the quarter, compared to the consensus estimate of $605.52 million. Concentra Group Holdings Parent had a net margin of 9.26% and a return on equity of 48.11%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 EPS. On average, equities analysts predict that Concentra Group Holdings Parent will post 1.72 EPS for the current fiscal year.

Concentra Group Holdings Parent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 19th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, November 19th. Concentra Group Holdings Parent’s dividend payout ratio is presently 14.79%.

Hedge Funds Weigh In On Concentra Group Holdings Parent

A number of institutional investors have recently added to or reduced their stakes in the company. HBK Investments L P raised its position in Concentra Group Holdings Parent by 21.1% during the second quarter. HBK Investments L P now owns 1,044,614 shares of the company’s stock worth $31,077,000 after acquiring an additional 181,864 shares in the last quarter. Ancora Advisors LLC lifted its stake in Concentra Group Holdings Parent by 10.8% in the second quarter. Ancora Advisors LLC now owns 446,550 shares of the company’s stock valued at $13,285,000 after acquiring an additional 43,410 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Concentra Group Holdings Parent in the 3rd quarter valued at about $2,406,000. Sei Investments Co. grew its position in shares of Concentra Group Holdings Parent by 51.4% in the 1st quarter. Sei Investments Co. now owns 172,210 shares of the company’s stock valued at $3,694,000 after acquiring an additional 58,444 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at about $848,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent Inc. provides occupational health services to employers and their workforces in the United States. Its services include workplace injury care, occupational medicine, urgent care, physical therapy and employee health programs. The company delivers care through occupational health centers, employer-site clinics and virtual services. Its offerings also support employers with services such as workplace health assessments and workers’ compensation-related care. Concentra traces its origins to 1979 and became part of Select Medical in 2015.