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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has earned an average rating of “Buy” from the eight brokerages that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $28.63.

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America raised their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Concentra Group Holdings Parent by 450.1% during 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 acquiring an additional 14,188,333 shares during the last quarter. Vanguard Group Inc. grew its holdings 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 valued at $243,741,000 after purchasing an additional 9,957,396 shares during the period. T. Rowe Price Investment Management Inc. increased 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 worth $170,317,000 after purchasing an additional 5,351,343 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Concentra Group Holdings Parent during the fourth quarter worth approximately $65,746,000. Finally, Norges Bank acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at $46,270,000.

Concentra Group Holdings Parent Stock Performance

CON stock opened at $22.74 on Friday. Concentra Group Holdings Parent has a one year low of $18.89 and a one year high of $24.81. The firm’s 50 day moving average price is $22.01 and its 200-day moving average price is $21.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $465.00 million. As a group, equities research analysts forecast that Concentra Group Holdings Parent will post 1.47 EPS for the current year.

Concentra Group Holdings Parent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, March 18th.

About Concentra Group Holdings Parent

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.