Analysts Set Concentra Group Holdings Parent, Inc. (NYSE:CON) Price Target at $28.50

Shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) have been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $28.50.

CON has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Concentra Group Holdings Parent from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, Bank of America upped their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd.

Institutional Investors Weigh In On Concentra Group Holdings Parent

Several institutional investors have recently added to or reduced their stakes in CON. Price T Rowe Associates Inc. MD raised its position in shares of Concentra Group Holdings Parent by 450.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,340,387 shares of the company’s stock valued at $342,994,000 after purchasing an additional 14,188,333 shares during the period. Vanguard Group Inc. raised its holdings in Concentra Group Holdings Parent by 421.0% during the 4th quarter. Vanguard Group Inc. now owns 12,322,623 shares of the company’s stock valued at $243,741,000 after acquiring an additional 9,957,396 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of 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 acquiring an additional 5,351,343 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Concentra Group Holdings Parent in the fourth quarter worth $65,746,000. Finally, JPMorgan Chase & Co. grew its position in shares of Concentra Group Holdings Parent by 57.8% in the fourth quarter. JPMorgan Chase & Co. now owns 3,245,943 shares of the company’s stock valued at $64,205,000 after purchasing an additional 1,188,585 shares in the last quarter.

Concentra Group Holdings Parent Stock Performance

Shares of Concentra Group Holdings Parent stock opened at $21.64 on Friday. The company has a market cap of $2.76 billion and a PE ratio of 14.33. 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 has a 52 week low of $18.89 and a 52 week high of $24.81. The business has a 50 day moving average price of $21.42 and a 200-day moving average price of $21.28.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million. Equities analysts anticipate that Concentra Group Holdings Parent will post 1.47 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.56%.

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.