Concentra Group Holdings Parent, Inc. (NYSE:CON) Given Consensus Recommendation of “Buy” by Brokerages

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been given a consensus rating of “Buy” by the eight research firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $28.50.

CON has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Wells Fargo & Company lowered their price objective on shares of Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th.

Concentra Group Holdings Parent Price Performance

NYSE:CON opened at $20.76 on Friday. The firm has a market capitalization of $2.66 billion and a price-to-earnings ratio of 15.49. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a fifty day moving average of $21.44 and a 200 day moving average of $21.46. Concentra Group Holdings Parent has a 52-week low of $18.89 and a 52-week high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $500.80 million during the quarter, compared to the consensus estimate of $496.06 million. Concentra Group Holdings Parent had a return on equity of 29.94% and a net margin of 8.09%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. On average, research analysts expect that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, May 20th. Concentra Group Holdings Parent’s payout ratio is currently 18.66%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Concentra Group Holdings Parent by 450.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock valued at $342,994,000 after purchasing an additional 14,188,333 shares in the last quarter. Vanguard Group Inc. lifted its stake in Concentra Group Holdings Parent by 421.0% in the fourth quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock worth $243,741,000 after purchasing an additional 9,957,396 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Concentra Group Holdings Parent by 164.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 8,610,562 shares of the company’s stock valued at $170,317,000 after buying an additional 5,351,343 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Concentra Group Holdings Parent during the fourth quarter valued at about $65,746,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Concentra Group Holdings Parent by 57.8% during the fourth quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock valued at $64,205,000 after buying an additional 1,188,585 shares during the last quarter.

Concentra Group Holdings Parent Company Profile

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.