JPMorgan Chase & Co. Issues Positive Forecast for Concentra Group Holdings Parent (NYSE:CON) Stock Price

Concentra Group Holdings Parent (NYSE:CON) had its price target increased by JPMorgan Chase & Co. from $29.00 to $30.00 in a research report report published on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on CON. Bank of America lifted 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 report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on Concentra Group Holdings Parent from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $28.50.

Concentra Group Holdings Parent Stock Up 0.8 %

Shares of NYSE:CON opened at $21.03 on Wednesday. The company has a debt-to-equity ratio of 5.20, a quick ratio of 1.52 and a current ratio of 1.52. Concentra Group Holdings Parent has a 52-week low of $18.89 and a 52-week high of $24.81. The business’s 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $21.58. The firm has a market cap of $2.68 billion and a P/E ratio of 13.92.

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

Concentra Group Holdings Parent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Concentra Group Holdings Parent’s dividend payout ratio is presently 16.56%.

Institutional Trading of Concentra Group Holdings Parent

A number of hedge funds have recently bought and sold shares of CON. JPMorgan Chase & Co. bought a new position in Concentra Group Holdings Parent in the 3rd quarter valued at $46,003,000. Loomis Sayles & Co. L P purchased a new position in shares of Concentra Group Holdings Parent in the 3rd quarter worth about $8,676,000. State Street Corp bought a new position in Concentra Group Holdings Parent during the third quarter valued at about $6,804,000. Geode Capital Management LLC bought a new stake in Concentra Group Holdings Parent in the third quarter worth about $11,122,000. Finally, Jane Street Group LLC bought a new stake in Concentra Group Holdings Parent in the third quarter worth about $584,000.

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.