Concentra Group Holdings Parent (NYSE:CON) Price Target Raised to $49.00

Concentra Group Holdings Parent (NYSE:CON) had its price target hoisted by Royal Bank Of Canada from $42.00 to $49.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Stephens raised their price target on shares of Concentra Group Holdings Parent from $45.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. JPMorgan Chase & Co. upped their price objective on shares of 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. Mizuho set a $47.00 price objective on shares of Concentra Group Holdings Parent in a research note on Monday. Weiss Ratings downgraded shares of Concentra Group Holdings Parent from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. Finally, Wells Fargo & Company raised their target price on shares of Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, Concentra Group Holdings Parent has an average rating of “Buy” and an average price target of $45.00.

Concentra Group Holdings Parent Price Performance

Shares of CON stock opened at $42.62 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 2.93. Concentra Group Holdings Parent has a twelve month low of $18.96 and a twelve month high of $44.22. The company has a market cap of $5.44 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.35 and a beta of 0.51. The business has a fifty day simple moving average of $37.87 and a 200 day simple moving average of $29.51.

Concentra Group Holdings Parent (NYSE:CON) last released 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. The firm had revenue of $622.12 million for the quarter, compared to analysts’ expectations of $605.52 million. Concentra Group Holdings Parent had a return on equity of 48.11% and a net margin of 9.26%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, sell-side analysts forecast that Concentra Group Holdings Parent will post 1.72 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

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

Hedge Funds Weigh In On Concentra Group Holdings Parent

Several large investors have recently modified their holdings of CON. Fulcrum Asset Management LLP purchased a new stake in Concentra Group Holdings Parent in the 3rd quarter worth approximately $35,000. Allworth Financial LP increased its holdings in shares of Concentra Group Holdings Parent by 70.3% in the second 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 period. Integrated Wealth Concepts LLC bought a new position in shares of Concentra Group Holdings Parent in the second quarter worth $38,000. Heritage Family Offices LLP bought a new position in shares of Concentra Group Holdings Parent in the third quarter worth $57,000. Finally, Nykredit A S purchased a new stake in shares of Concentra Group Holdings Parent in the second quarter worth $60,000.

Concentra Group Holdings Parent Company Profile

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.