Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON – Get Free Report) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.40.
CON has been the subject of several analyst reports. William Blair started coverage on Concentra Group Holdings Parent in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. JPMorgan Chase & Co. raised their price target on Concentra Group Holdings Parent from $34.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a report on Monday, August 31st. Weiss Ratings raised shares of Concentra Group Holdings Parent from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 4th. Finally, Wells Fargo & Company increased their price objective on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th.
View Our Latest Stock Analysis on CON
Insider Buying and Selling
Institutional Trading of Concentra Group Holdings Parent
A number of institutional investors and hedge funds have recently made changes to their positions in CON. Fox Run Management L.L.C. acquired a new stake in Concentra Group Holdings Parent during the 4th quarter worth approximately $1,089,000. Ancora Advisors LLC raised its holdings 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 buying an additional 43,410 shares during the period. Norges Bank acquired a new position in Concentra Group Holdings Parent during the fourth quarter valued at approximately $43,404,000. Louisiana State Employees Retirement System acquired a new position in Concentra Group Holdings Parent during the first quarter valued at approximately $1,135,000. Finally, HBK Investments L P grew its stake 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 buying an additional 181,864 shares during the period.
Concentra Group Holdings Parent Stock Up 1.2%
CON stock opened at $35.02 on Wednesday. The company has a 50 day moving average price of $33.83 and a two-hundred day moving average price of $28.30. 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 stock has a market capitalization of $4.47 billion, a P/E ratio of 22.59, a PEG ratio of 1.26 and a beta of 0.63. Concentra Group Holdings Parent has a one year low of $18.55 and a one year high of $36.71.
Concentra Group Holdings Parent (NYSE:CON – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Concentra Group Holdings Parent had a return on equity of 47.81% and a net margin of 8.69%.The company had revenue of $606.03 million for the quarter, compared to analyst estimates of $591.75 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that Concentra Group Holdings Parent will post 1.65 EPS for the current year.
Concentra Group Holdings Parent Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 20th were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.25 annualized dividend and a yield of 0.7%. Concentra Group Holdings Parent’s dividend payout ratio is 16.13%.
About Concentra Group Holdings Parent
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.
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