Concentra Group Holdings Parent (NYSE:CON) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Concentra Group Holdings Parent (NYSE:CON) in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $30.00 price target on the stock.

Separately, Bank of America increased their price objective on shares of Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.63.

Concentra Group Holdings Parent Stock Up 6.5 %

Shares of NYSE:CON opened at $23.59 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. The firm’s 50 day moving average price is $20.77. Concentra Group Holdings Parent has a 1-year low of $18.89 and a 1-year high of $24.81.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $489.64 million for the quarter, compared to analysts’ expectations of $492.61 million. The business’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Concentra Group Holdings Parent will post 1.47 EPS for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, November 13th.

Institutional Trading of Concentra Group Holdings Parent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in shares of Concentra Group Holdings Parent in the 4th quarter valued at $59,000. GAMMA Investing LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at $64,000. BNP Paribas Financial Markets bought a new stake in shares of Concentra Group Holdings Parent in the 3rd quarter valued at approximately $105,000. EMC Capital Management bought a new stake in Concentra Group Holdings Parent during the fourth quarter valued at $122,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Concentra Group Holdings Parent during the third quarter worth about $208,000.

Concentra Group Holdings Parent Company Profile

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.