Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $50.00

Concentra Group Holdings Parent (NYSE:CON) had its price objective upped by Jefferies Financial Group from $47.00 to $50.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada boosted their price objective on shares of 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 raised shares of Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a report on Monday, August 31st. Mizuho set a $47.00 price target on shares of Concentra Group Holdings Parent in a research report on Monday. Wells Fargo & Company boosted their price target on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Concentra Group Holdings Parent currently has an average rating of “Buy” and an average target price of $44.00.

Concentra Group Holdings Parent Stock Up 1.9%

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

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

Concentra Group Holdings Parent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Thursday, November 19th will be given a $0.0625 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 14.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. HBK Investments L P grew its holdings in Concentra Group Holdings Parent by 21.1% during the 2nd 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 during the last quarter. Ancora Advisors LLC increased its position in Concentra Group Holdings Parent by 10.8% in the 2nd 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 period. Inspire Investing LLC bought a new position in shares of Concentra Group Holdings Parent during the third quarter valued at $2,406,000. Sei Investments Co. raised its stake in shares of Concentra Group Holdings Parent by 51.4% during the first 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 last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Concentra Group Holdings Parent during the fourth quarter valued at $848,000.

About Concentra Group Holdings Parent

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.