Concentra Group Holdings Parent, Inc. (NYSE:CON) Stock Has Consensus Target Price of $40.67 According to Brokerages

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been given a consensus recommendation of “Buy” by the ten brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.29.

Several research analysts have issued reports on the company. Weiss Ratings upgraded Concentra Group Holdings Parent from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. William Blair started coverage on shares of Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Royal Bank Of Canada upped their price objective on shares of Concentra Group Holdings Parent from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Zacks Research upgraded shares of Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 31st. Finally, Stephens began coverage on Concentra Group Holdings Parent in a report on Tuesday, October 20th. They issued an “overweight” rating and a $45.00 target price on the stock.

Concentra Group Holdings Parent Trading Down 1.5%

Concentra Group Holdings Parent stock opened at $39.36 on Friday. Concentra Group Holdings Parent has a 52 week low of $18.55 and a 52 week high of $40.00. 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 capitalization of $5.02 billion, a PE ratio of 25.39, a PEG ratio of 1.43 and a beta of 0.63. The business’s 50-day simple moving average is $35.78 and its 200-day simple moving average is $30.44.

Concentra Group Holdings Parent (NYSE:CON) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The company had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. Equities research analysts forecast that Concentra Group Holdings Parent will post 1.65 earnings per share for the current year.

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 20th were given a dividend of $0.0625 per share. The ex-dividend date was Thursday, August 20th. This represents a $0.25 dividend on an annualized basis and a yield of 0.6%. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.13%.

Insider Activity

In other news, Director Robert Ortenzio sold 130,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $31.84, for a total value of $4,139,200.00. Following the transaction, the director owned 503,455 shares of the company’s stock, valued at approximately $16,030,007.20. This trade represents a 20.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.10% of the company’s stock.

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several large investors have recently bought and sold shares of the business. Allworth Financial LP boosted its position in shares of Concentra Group Holdings Parent by 70.3% in the 2nd quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock worth $30,000 after purchasing an additional 417 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Concentra Group Holdings Parent during the second quarter worth about $38,000. Nykredit A S bought a new position in Concentra Group Holdings Parent during the second quarter worth about $60,000. Public Employees Retirement System of Ohio bought a new position in Concentra Group Holdings Parent during the second quarter worth about $64,000. Finally, Farther Finance Advisors LLC grew its position in shares of Concentra Group Holdings Parent by 17.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock worth $80,000 after buying an additional 343 shares during the period.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc is the parent company of Concentra, a provider of occupational health services in the United States. The company primarily serves employers, workers and insurers through a nationwide network of medical centers and employer-based clinics.

Concentra’s services include workplace injury care, workers’ compensation treatment, physical examinations, drug and alcohol testing, vaccinations, physical therapy, urgent care and other occupational medicine programs.