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

Concentra Group Holdings Parent, Inc. (NYSE:CON) has been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.29.

CON has been the topic of several analyst reports. Zacks Research upgraded Concentra Group Holdings Parent from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped 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. Stephens assumed coverage on Concentra Group Holdings Parent in a research note on Tuesday. They set an “overweight” rating and a $45.00 price target for the company. Jefferies Financial Group started coverage on Concentra Group Holdings Parent in a report on Friday, October 16th. They set a “buy” rating and a $47.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective 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.

Insider Transactions at Concentra Group Holdings Parent

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

Institutional Investors Weigh In On Concentra Group Holdings Parent

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in Concentra Group Holdings Parent by 70.3% during the second quarter. Allworth Financial LP now owns 1,010 shares of the company’s stock worth $30,000 after acquiring an additional 417 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Concentra Group Holdings Parent in the second quarter valued at about $38,000. Nykredit A S acquired a new stake in shares of Concentra Group Holdings Parent in the second quarter valued at approximately $60,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Concentra Group Holdings Parent in the second quarter valued at approximately $64,000. Finally, Farther Finance Advisors LLC grew its position in shares of Concentra Group Holdings Parent by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 2,316 shares of the company’s stock valued at $80,000 after purchasing an additional 343 shares during the last quarter.

Concentra Group Holdings Parent Stock Performance

NYSE CON opened at $39.96 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22. Concentra Group Holdings Parent has a 52-week low of $18.55 and a 52-week high of $40.00. The business’s 50-day moving average price is $35.70 and its 200 day moving average price is $30.37. The firm has a market cap of $5.10 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.42 and a beta of 0.63.

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

Concentra Group Holdings Parent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Thursday, August 20th were issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 20th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is currently 16.13%.

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.