Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $43.00

Concentra Group Holdings Parent (NYSE:CON) had its target price increased by JPMorgan Chase & Co. from $34.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms have also recently weighed in on CON. Truist Financial increased their price objective on Concentra Group Holdings Parent from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their target price on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 31st. Wells Fargo & Company increased their price target on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, The Goldman Sachs Group started coverage on shares of Concentra Group Holdings Parent in a research report on Friday, June 5th. They issued a “buy” rating and a $30.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $39.40.

Concentra Group Holdings Parent Trading Up 1.9%

NYSE CON opened at $34.88 on Thursday. The firm’s fifty day moving average is $33.05 and its two-hundred day moving average is $27.47. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $35.90. The company has a debt-to-equity ratio of 3.22, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $4.45 billion, a PE ratio of 22.50, a P/E/G ratio of 1.28 and a beta of 0.63.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.10. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The business had revenue of $606.03 million during the quarter, compared to the consensus estimate of $591.75 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts expect that Concentra Group Holdings Parent will post 1.65 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 20th were given a $0.0625 dividend. The ex-dividend date was Thursday, August 20th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.7%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.13%.

Insider Activity

In other news, Director Robert Ortenzio sold 130,000 shares of Concentra Group Holdings Parent stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $31.84, for a total transaction of $4,139,200.00. Following the completion of the transaction, the director owned 503,455 shares of the company’s stock, valued at $16,030,007.20. The trade was a 20.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Concentra Group Holdings Parent by 124.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock worth $25,000 after acquiring an additional 663 shares during the last quarter. Allworth Financial LP grew its position in shares of Concentra Group Holdings Parent by 70.3% in the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock valued at $30,000 after purchasing an additional 417 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Concentra Group Holdings Parent by 2,784.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 1,392 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Concentra Group Holdings Parent by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,604 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Concentra Group Holdings Parent during the 4th quarter worth approximately $35,000.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc is a U.S. health care company that operates one of the country’s largest networks of occupational health centers. Through its Concentra brand, the company provides medical services to employers and employees, with an emphasis on workplace injury care, occupational medicine and convenient access to non-emergency treatment.

Its services include treatment for work-related injuries and illnesses, physical examinations, drug and alcohol screening, workers’ compensation care, vaccinations, health and wellness programs, and regulatory examinations such as Department of Transportation physicals.